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Arizona Partnership Agreement: 2026 Formation Guide

Forming a partnership in Arizona? The Revised Uniform Partnership Act applies — here's how to draft for clarity and protection.

Published 2026-04-22 · 7 min

Arizona Follows RUPA

Arizona has adopted the Revised Uniform Partnership Act (A.R.S. §29-1001 et seq.), governing both general partnerships and limited liability partnerships. A written agreement overrides most default rules.

Key Provisions for AZ Partnership Agreements

Limited Liability Partnerships (LLPs)

AZ requires registration as an LLP with the Corporation Commission to limit personal liability for partnership debts. Without LLP status, partners have unlimited personal liability.

Free Arizona Partnership Agreement Template

iContract generates AZ partnership and LLP agreements with customizable contributions, distributions, and buyout structures. Free in 2 minutes.

FAQ

Do Arizona partnerships need to file with the state?

General partnerships don't require filing. LLPs must register with the Arizona Corporation Commission and renew annually.

Can AZ partners change profit-sharing ratios mid-year?

Yes, with unanimous consent (or as the agreement specifies). Document changes in writing to avoid disputes.

What happens if an AZ partner dies without a buyout clause?

Without an agreement, RUPA allows surviving partners to buy out the deceased partner's interest at fair value within 120 days. A clear buyout clause prevents disputes.

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