Describe your partnership in plain language. SignAI generates a complete, Texas-compliant Partnership Agreement — then sign and send it to your partners. No templates, no lawyers, no hassle.
Partnership Agreement
State of Texas
60s
Average creation time
$0
Free to create & sign
100%
100% Legally binding in TX
0
Templates to search
Texas governs general partnerships under the Texas Business Organizations Code (BOC) Title 4, Chapter 152. Texas is one of the most active states for partnership formation in the country — from energy ventures in Houston to tech startups in Austin and real estate development in Dallas-Fort Worth. Without a written partnership agreement, Texas's default rules assign equal profit sharing and equal management authority to all partners, regardless of actual contributions.
Texas provides significant flexibility in partnership agreements. Under BOC § 152.002, partners can customize nearly every aspect of their relationship through the partnership agreement, including profit allocation, management structure, and fiduciary duties. Texas's community property laws add another layer of complexity — a married partner's interest may be community property, making spousal provisions especially important.
SignAI generates your Texas partnership agreement with the right legal language automatically — including Texas-specific governing law clauses, compliance with the Texas Secretary of State's filing requirements, provisions addressing community property considerations, and terms that account for Texas's franchise tax (margin tax) obligations.
How it works
No templates, no forms, no lawyers. Just describe what you need.
Type something like "I need a Partnership Agreement for Texas" — no legal jargon needed. Answer a few quick follow-up questions and you're done.
AI generates a complete, Texas-specific Partnership Agreement in seconds — with proper headings, numbered sections, and signature blocks. Edit anything you want, then type your name to sign.
Enter the other party's email and hit send. They review and sign without creating an account. Both parties get a copy. Done.
What's included
Every Partnership Agreement generated by SignAI for Texas includes these essential provisions — automatically.
Full legal names, addresses, and each partner's initial capital contribution — whether cash, real property, mineral rights, IP, or services — clearly documented.
Defines how profits and losses are split among partners, including distribution schedules, preferred returns, capital account maintenance, and reserve provisions.
Specifies decision-making authority, voting procedures, managing partner designation, and which actions require supermajority or unanimous consent.
Clear procedures for admitting new partners, voluntary withdrawal, expulsion, and buyout terms — including valuation methods and payment structures.
Step-by-step process for dissolving the partnership under Texas law, including asset distribution, creditor claims, and Secretary of State filings.
Governing law clause specifying Texas jurisdiction, venue selection for Texas courts, and compliance with the Texas Business Organizations Code.
Use cases
People in Texas use SignAI to create Partnership Agreements for a wide range of situations. Here are the most popular:
Partners forming exploration, production, or midstream companies in Houston or the Permian Basin need terms for well cost allocation, working interest percentages, and revenue distribution.
Try it: “I need a partnership agreement for an oil and gas company in Houston, Texas”
Co-founders building companies in Austin's booming tech scene need clear terms for IP ownership, equity vesting, and what happens if a co-founder leaves.
Try it: “I need a partnership agreement for a tech startup in Austin, Texas”
Partners investing in the Dallas-Fort Worth, Houston, or San Antonio real estate markets need agreements covering capital calls, construction oversight, and profit distribution on sales.
Try it: “I need a partnership agreement for a real estate development project in Dallas, Texas”
Attorneys forming firms in Houston, Dallas, or Austin need partnership terms covering origination credits, billable hour expectations, equity tracks, and partner compensation.
Try it: “I need a partnership agreement for a law firm in Houston, Texas”
FAQ
Yes. Partnership agreements are enforceable contracts under Texas law. Under BOC § 152.002, a partnership agreement governs relations among partners and can modify most statutory default provisions. SignAI's e-signatures are legally valid under both Texas's Uniform Electronic Transactions Act (Tex. Bus. & Com. Code Chapter 322) and the federal ESIGN Act.
General partnerships in Texas are not required to file formation documents with the Secretary of State. However, you must file an assumed name certificate with the county clerk if using a trade name. Limited partnerships file a Certificate of Formation. LLPs file a Registration. All Texas partnerships may be subject to the franchise (margin) tax.
Texas BOC default rules apply. Partners share profits and losses equally, have equal management authority, and each can bind the partnership. Texas is also a community property state, so a spouse may have claims to a partnership interest. A written agreement addresses these defaults and protects all parties.
Texas has no state personal income tax. However, Texas imposes a franchise (margin) tax on partnerships with total revenue exceeding $2.47 million. The rate is 0.375% for wholesale and retail, and 0.75% for other businesses, calculated on the lesser of several margin calculations. The partnership files federal Form 1065 and Texas Franchise Tax Report.
Texas is a community property state. A partnership interest acquired during marriage is generally community property. In a divorce, a spouse could claim half the value of the partnership interest. Your partnership agreement should require spousal consent for admission, include buy-sell provisions triggered by divorce, and address how community property claims are handled.
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