DIY Legal Forms

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Agreement Of General Drawing Account

Before the dispersal of net profits the total amount of the drawing account of each partner shall be subtracted from their share of that net profit. By way of this account, each partner has the right to withdraw ________ on a ________ basis from partnership funds to satisfy personal expenses.

Dated:

____________________________

Signature and Title

____________________________

Signature and Title

____________________________

Signature and Title

*** If Required By State Law ***

This Section for Notary:

ACKNOWLEDGMENT

State of _________

County of ________ [COUNTY]

On [DATE] before me, [NAME OF NOTARY], notary, personally appeared [NAME OF PERSON(S) INVOLVED], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

Signature ________
Notary

My commission expires: _____

(Seal)