Partnership Agreements in Florida

2. Florida Legal Context

Florida partnerships are governed by the Florida Revised Uniform Partnership Act (Chapter 620, Florida Statutes).

Without a written agreement:

• All partners are presumed to share profits and losses equally
• Each partner can bind the business legally
• The default rules may not reflect your actual intentions

Types of partnerships in Florida:

• General Partnership (GP) – default form with shared liability
• Limited Partnership (LP) – includes general and limited partners
• Limited Liability Partnership (LLP) – general partnership with liability protection

Each structure should have a tailored agreement.

3. Real-World Application

Florida businesses use Partnership Agreements to:

• Define ownership between two siblings opening a food truck in Tampa
• Protect contributions and roles in a Fort Lauderdale fitness studio owned by three partners
• Outline profit-sharing and voting power in an Orlando law firm organized as a registered LLP
• Establish buyout rights in a family-owned agricultural partnership in Gainesville

Without a clear agreement, misunderstandings and legal conflicts are almost guaranteed.

4. Why It Matters for Business Owners

Benefits of a Florida Partnership Agreement:

• Clarifies who owns what – capital contributions, equity splits, and draws
• Prevents disputes – sets ground rules for decisions, voting, and management
• Protects each partner – avoids default liability and control assumptions
• Defines exit terms – including death, retirement, divorce, or disagreement
• Required for most banks, investors, and major vendors

Risks of not having a partnership agreement:

• Equal ownership applied even if contributions are unequal
• No legal roadmap for partner exit, buyout, or death
• Full liability for actions taken by another partner
• Personal and business conflicts spilling into litigation

5. How Our Law Firm Can Help

We draft and review Florida-specific Partnership Agreements designed to reduce risk and support growth:

• General, Limited, or LLP structures
• Clauses for ownership, profit sharing, duties, decision-making, dispute resolution, and dissolution
• Integration with operating documents, DBAs, tax elections, and licensure
• Amendments for adding or removing partners

Flat-Fee Retainers – Full agreement drafting and structuring. 1-Hour Strategy Consultations – For new or existing partners. 3-Hour Master Strategy Sessions – Ideal for complex ventures, investor-backed businesses, or multi-entity planning. BELAW Membership – Includes year-round support for modifications, disputes, and partner exits.

6. FAQs (Frequently Asked Questions)

Q: Is a Partnership Agreement required by law in Florida? A: No—but without one, you’re subject to default state rules that often do not match your business expectations.

Q: Can a Partnership Agreement protect me from my partner’s actions? A: It can help limit authority and define responsibilities, but structure (e.g., LLP) is also critical. We help set up both.

Q: What should be in a Florida Partnership Agreement? A: Ownership, voting rights, responsibilities, profit/loss allocation, dispute resolution, exit/buyout clauses, and more.

Q: Can I modify a Partnership Agreement later? A: Yes. With partner consent, we amend and restate agreements as your business evolves.

Q: Do I need one if I already filed a partnership with Sunbiz? A: Yes. Your filing only registers the entity—it doesn’t control how you operate or who owns what.

7. How to Retain Our Law Firm

We offer multiple access points tailored to your needs:

• Flat-Fee Retainers: Set pricing based on project scope (quoted after your consultation)
• 1-Hour Strategy Consultations: A high-impact session to assess your issues, answer questions, and develop a legal roadmap. Pricing starts at $500.00.
• 3-Hour Master Strategy Sessions: A deep dive analysis with detailed, actionable solutions tailored to your business challenges
• Flagship Product: BELAW – Business + Entrepreneurship Law Advisor Program (Read below)

8. Flagship Product: BELAW – Business + Entrepreneurship Law Advisor Program

Our flagship service is the BELAW Membership – Business & Entrepreneurship Law Advisor Program. This is an exclusive, members-only, 12-month ON-DEMAND legal and business support program at a predictable flat monthly fee, tailored to each business client—regardless of company size.

BELAW is open to business owners, entrepreneurs, for-profit companies, non-profits, and foreign investors. Our members range from startups and nonprofits to established businesses.

At the core of BELAW is our P.O.N.C.E. methodology, developed by Attorney Gil Sanchez, to help businesses not just stay protected—but grow strategically.

What you get with BELAW:

• On demand strategic legal consultations with Attorney Gil Sanchez
• Document review and compliance audits
• Guidance on contracts, leasing, employment, and liability
• Drafting Collection Notices, Cease & Desist Letters and Confidentiality Agreements
• Proactive legal support to mitigate lawsuits and reduce risk exposure
• Strategic input on revenue-generating decisions like expansion, licensing, and joint ventures
• Entrepreneur coaching and a growing library of business education resources
• Litigation retainer and hourly rate discounts

We’re available when you need us—on demand, without hourly billing.

We make it easy to get started:

• Call or text us at (813) 254-1777
• Or fill out the secure contact form below

A member of our team will respond promptly to schedule your consultation.

9. How to Contact Our Law Firm to Retain

We make it easy for you to retain us:

• Call or text: (813) 254-1777
• Email: info@blackrocklaw.com
• Or submit your request using the form below

Our team will promptly follow up to confirm availability and next steps.

10. Who You Are Hiring

When you hire our firm, you’re not just hiring a lawyer — you’re securing the insight, grit, and expertise of Attorney Gil Sanchez.

A proud double Gator, Gil earned both his undergraduate and law degrees from the University of Florida — one of the top public universities in the country. Since 2004, he has built a reputation as a formidable business and trial attorney, successfully trying cases before juries in both Florida state and federal courts.

Gil’s legal practice is deeply informed by real-life experience. He launched his first business at age 13 and has continued to build, lead, and advise companies ever since. He’s a licensed business broker (since 2007), an adjunct professor of entrepreneurship at St. Petersburg College, and a trusted advisor to entrepreneurs, professionals, and business owners across Florida.

He’s also an inventor, author, and public speaker — holding a U.S. utility patent and federal trademark. His invention was featured in TIME Magazine’s Best Inventions of 2023, and his legal insights have appeared on CNN, ABC’s 20/20, and other national platforms. Raised by Colombian parents in West Virginia and fluent in Spanish, Gil brings cultural fluency, resilience, and a fighter’s mindset to every client matter.

Above all, Gil is a devoted family man — happily married and the proud father of three beautiful children. His commitment to family shapes the way he practices law: with empathy, integrity, and a relentless drive to protect what matters most.

At Black Rock Trial Lawyers, you’re not just getting a legal technician — you’re hiring a battle-tested strategist who understands both the courtroom and the real world. That’s who’s fighting for you.

11. The Law Firm’s Geographical Reach

We proudly represent businesses across all counties in Florida. With the power of virtual consultations, online filings, and remote court access, we can support your legal needs anywhere in Florida—without compromising service quality.

Our main office is in South Tampa, Florida, with a satellite office in South Florida – Miramar, Florida.

From Miami to Jacksonville, Pensacola to Key West—Black Rock Trial Lawyers is here to help Florida businesses thrive.

12. Disclaimer

The information provided on this website is for general informational purposes only and is not intended to be, nor should it be construed as legal advice. Every individual and business matter involves unique facts and circumstances that must be carefully evaluated. Additionally, Florida laws, including statutes and case law, are subject to frequent changes, and the information presented here may not reflect the most current legal developments. For a formal legal opinion or advice specific to your situation, you must consult directly with an attorney at our firm. No attorney-client relationship is formed by viewing this site or by contacting our office through this website.