Site: nolo.com
... Although the law doesn't require it, many partners work out the details of how they’ll manage their ... If you don't create a written agreement, the partnership laws of your state will govern your partnership ... For example, suppose Joey, Chandler, and Monica run a law firm as an LLP. ... partnerships, and they’re usually set up by companies that invest money in other businesses or real ... (The partnership agreement or state law can specify a different arrangement, though.) ...