How to Create a Partnership Proposal [With Free Template]
When embarking on a business partnership, expect challenges. Partners have different personalities, working styles, daily schedules, and initial investments. You need to juggle working together (possibly for the first time) while addressing market needs and differentiating yourself from competitors.
A partnership proposal can help make those challenges a little less daunting by clarifying the details of your collaboration before you even launch your business. It can get everyone on the same page, reducing the risks of detrimental disagreements later on.
But drafting such a proposal is no small task.
To help you on your journey, we’ve got step-by-step instructions and a helpful partnership proposal template .
What’s in this guide :
Why you need a business partnership proposal
How to create a proposal for a business partnership, partnership proposal template & software.
Research shows that 70% of business partnerships fail—and (here’s the good news) a clear agreement is one of the best ways to improve your odds of success.
Oftentimes, partners will equally share the burden of losses and the gift of gains. But your share should reflect what you put into the business, both in terms of time and money. So if one partner will be giving more, they should also get more out of it. By accurately calculating equity, salaries, and profit draws in advance, you can be sure that each partner is getting their fair share according to their initial investment and ongoing role in the company.
A partnership proposal with clear terms can help settle any financial or legal matters that may arise later. But on a more positive note, it will also improve the quality of your collaboration. When all the terms are laid on the table up front (and no one is guessing or assuming), communication between partners will begin with a much stronger foundation—paving the way for a more profitable relationship.
Creating a proposal for your business partnership is complicated, but fortunately, you don’t have to go it alone. Follow these simple steps to cover all of your bases.
Step 1. Research what your proposal should include
The first step is to research what you need to include in your proposal, such as the share of profit and loss, the managing duties of each partner, and what should happen in the event of the death of a partner. This is a critical legal document so you need to get it right..
You don’t have to get it perfect the first time, as the terms will likely require negotiation. But covering all of the necessary information will demonstrate your attention to detail and ensure that the preceding negotiations are thorough.
Make sure to research requirements that are unique to your partnership type , which usually falls into one of these 3 categories:
General partnership - Shared day-to-day operations and liability for debts and owners.
Limited partnership - One or more partner doesn’t participate in day-to-day operations and is not liable for debts or lawsuits (but receives profits). This is typically used for inactive investors.
Limited liability partnership - Liability protection is extended to all partners so that no one is responsible for the actions of another partner. This is typically used for professionals operating out of shared office space, such as accountants, financial advisors, or plastic surgeons.
Because the taxation structure will affect the way that earnings are distributed and reported, you should also research details specific for your province or state of incorporation as well as your entity type (limited liability corporation, c-corp, etc.).
Brainstorm more information to include based on your unique business and what each partner brings to the table. For instance, if one partner is joining the partnership with a large social media following of ideal customers, you might want to outline how that social media account is expected to be used and what content will not be permitted on that account once the partnership begins.
If you use a partnership proposal template, you’ll save a lot of time on both research and writing. Preview our template here.
Make sure to consult with a business lawyer to get their take on the necessary terms.
Step 2. Outline your proposal
Now that you have your checklist for what to include in your proposal, it’s time to start organizing all of that information into a cohesive outline. A proposal template will save you time here. Start off with the template and then include additional terms that matter to your business.
We suggest this outline for your partnership proposal:
Name and Business - Basic business details like business name and address.
Term - When the agreement begins.
Capital - How partnership capital will be maintained.
Profit and Loss - How profits and losses will be shared and credited.
Salaries and Drawings - How salaries and profit draws will be managed.
Interest - Whether or not initial investments will receive guaranteed interest payments.
Management Duties and Restrictions - How management duties will be split, and what tasks can’t be undertaken without agreement from all partners.
Banking - What chequing account(s) will be used.
Books - How bookkeeping will be managed.
Voluntary Termination - How the partnership can be voluntarily dissolved, and how assets will be distributed if this occurs.
Death - What will happen in the event of the death of a partner.
Arbitration - Basic statement on arbitration for the agreement and the legal association that will be used.
You might be wondering if you need to add a cover letter to your outline. If you don’t need to convince anyone to join the founding team, you probably don’t need a cover letter. But if you’re trying to win over a partner, then check out this guide to writing a cover letter and add your letter to the very beginning of your proposal.
Step 3. Write the proposal sections
Time to write.
A partnership proposal has a very different style than most other business proposals , which are typically sent to prospective clients in order to win deals. For those proposals, you’re trying to sell . But with a partnership proposal, you’re trying to clarify . The prospective partner needs to know what they’re signing off on in order to give you a yes. What’s expected of them? What percentage of equity will they receive?
Because the goal is different, the writing style should be different too. Write using clear, simple, and legally accurate language for the majority of the proposal. By keeping the language of the proposal straightforward , you’ll eliminate any confusion and potential for disagreements later.
Take this text from our partnership agreement template as an example of the writing style you should aim for:
A separate capital account shall be maintained for each partner. Neither partner shall withdraw any part of his/her capital account. Upon the demand of either partner, the capital accounts of the partners shall be maintained at all times in the proportions in which the partners share in the profits and losses of the partnership.
If you need to create content to convince on-the-fence partners, you can do so with your cover letter, business plan, or presentation slides that will go along with the proposal. You might cover the addressable market, your competitive advantage, pricing model, etc.
Step 4. Add e-signatures
The next step is to add e-signatures to your proposal. This will turn the proposal into a binding agreement, so that once signed by all partners, the partnership can begin with clear terms.
You should add the e-signatures to the final page of the proposal.
Make sure that the e-signature software you use is legally binding .
Step 5. Review, sign, and send it
And lastly, it’s time to make sure your proposal is perfect. Review all of the terms and make sure you’ve covered everything in your checklist.
If you can afford it, have a business lawyer review your agreement before you sign and send it. This should be cheaper than having them draft an agreement from scratch (and can save you a lot of money and stress in the long run).
When you’re ready, sign the proposal yourself and then send it for signature to your partners.
You should not open up any bank accounts, file articles of incorporation, take out loans, or conduct any other activity with financial implications until the proposal is signed by all partners. If you do, a partner could later argue that they’re not liable. Instead, use the time before the proposal is signed to work on your business plan and research your addressable market.
Proposify makes it easy to create beautiful proposals for both internal and external use. We offer 75 unique proposal templates that show you exactly what to include and help you draft your proposals quickly.
You can also design your own proposal templates, save content snippets, and track stats on proposal views and closed deals.
How to Write a Business Proposal [Steps, Tips, & Templates]
September 30, 2022
Ready to make every deal a closed deal?
Get started with a free Proposify 14-day trial. No credit card required. Just more closed deals.
25+ SAMPLE Business Partnership Proposals in PDF | MS Word | Google Docs | Apple Pages
Business partnership proposals | ms word | google docs | apple pages, 25+ sample business partnership proposals, what is a business partnership proposal, the advantages of business partnerships, how to create a business partnership proposal, the dos and don’ts of a business partnership proposal.
Business Partnership Proposal Letter Template
Business Partnership Proposal Template
Simple Business Partnership Proposal Template
Sample Business Partnership Proposal Template
Partnership Business Proposal Template
Business Proposal Letter for Partnership Template
Collaboration Business Cooperation Partnership Proposal
One Page Business Partnership Proposal
Sample Business Partnership Policy and Proposal Format
Startup Business Partnership Policy and Proposal
Joint Venture Business Partnership Proposal
Sample Business Partnership Proposal
Business Partnership Project Proposal Template
Business Services Partnership Proposal Form
General Business Partnership Proposal
Business Partnership Project Proposal Form
Standard Business Client Partnership Proposal
Free Business Partnership Proposal
Business Partnership Proposal Outline
Sample Corporate Business Partnership Proposal
Business Hotel Partnership Proposal
Business School Partnership Proposal
Simple Business Partnership Proposition Proposal
Partnership Proposal for Business Development Director
Basic Business Restaurant Partnership Proposal
Business Opportunity Partnership Proposal Layout
Step 1: Do Your Research
Step 2: explain how your values align, step 3: focus on the value proposition, step 4: discuss how the partnership will conclude, don’ts, share this post on your network, you may also like these articles, 21+ sample demolition proposals in pdf | ms word.
Moth and rust can destroy a building as the years go by. If we own a company and our building has stood for a long time, it will be…
13+ SAMPLE Web Hosting Proposal in PDF | MS Word
Web hosting is one of the fundamental aspects of web management for keeping a website up and running. A good, high-quality, and reliable web hosting service is necessary to…
browse by categories
- Terms & Conditions
- Food & Beverages
- Marketing Examples
12+ Business Partnership Proposal Examples in PDF | MS Word | Pages | Google Docs
Business partnership proposal examples, 10+ business partnership proposal examples, 1. business partnership proposal template, 2. simple business partnership proposal template, 3. free business partnership proposal letter, 4. free business partnership proposal template, 5. free business proposal letter for partnership, 6. business partnership proposal example, 7. business partnership proposal form example, 8. business partnership proposal with sme businesses, 9. corporate community partnership proposal example, 10. legal services business partnership proposal example, 11. lifestyle brands business partnership proposal example, 12. sample business partnership proposal, 13. software outsourcing business partnership proposal example, why do i need a business partnership proposal, making an effective business partnership proposal, the advantages of having on a business partner.
- Training Proposal Examples
- 9+ Multimedia Project Proposal Examples
- Google Docs
1. Identify the common ground between you and a potential partner.
2. stress clearly the advantages for both parties., 3. state the main objectives of the business partnership., 4. indicate the terms and conditions., two is better than one, combining and complementing of skills and knowledge, advantage on the financial aspect, more design, 7+ sponsorship proposal examples & samples, 5+ cleaning proposal examples, samples, 5+ grant proposal examples & samples, 30+ sponsorship proposal examples, samples, business proposal cover letter examples - pdf, 6+ non-profit proposal examples, samples, 6+ investment proposal examples & samples, 10+ proposal memo examples & samples - pdf.
- id; ?>)" rel="noopener" role="button" tabindex aria-label="postclick">39+ Business Proposal Examples & Samples - PDF, DOC
- id; ?>)" rel="noopener" role="button" tabindex aria-label="postclick">34+ Simple Proposal Formats Examples - PDF, DOC
Simple School Business Proposal Template
- simple proposal
- business proposal
- new business proposal
- school proposal
- academic proposal
Download this Simple School Business Proposal Template Design in Word, Google Docs, Apple Pages Format. Easily Editable, Printable, Downloadable.
Use the Simple School Business Proposal Template on Template.net, which was developed by Industry Experts to effectively create Proposals for School Business Purposes. Utilize our Free Document Editor Tool to add Information on the Pricing and Benefits. Download the Document in your preferred File format and print copies to present for approval.
Pro Download Template
- Google Docs
- Apple Pages
- Edit Online
Already a premium member? Sign in
You may also like
WELCOME TO THE NEW GLOBAL ATLANTA. Notice anything different?
The world is here.
Atlanta-Moscow Routes Seen as Boosting Trade Partnerships
- Click to email a link to a friend (Opens in new window)
- Click to print (Opens in new window)
- Click to share on LinkedIn (Opens in new window)
- Click to share on Twitter (Opens in new window)
- Click to share on Facebook (Opens in new window)
- Click to share on WhatsApp (Opens in new window)
The U.S. Department of Transportation's approval of Delta Air Lines Inc.'s application for nonstop flights between Atlanta and Moscow received widespread acclaim from academic and government officials as well as businesspeople who were contacted by GlobalAtlanta. The seven flights a week between the two cities are scheduled to begin on June 1. The number of flights are to be reduced to four a week during the less heavily traveled period of October to April. Although the Russian government still has to formally agree to the flights, Delta officials appear to be confident that the flights will go ahead. “We are on target for the June 1 start date pending Russian government approval,” said a spokesperson for the company. “Investment and trade with the destination country grow every time a new airline route is established,” Craig Lesser, commissioner of the Georgia Department of Economic Development, said, “and we look forward to building on the relationships established in Russia by existing trade partnerships and groups like the Friendship Force.” George Brown, president and CEO of Friendship Force International Inc., also was enthusiastic about the announcement. The Friendship Force started taking groups to the former Soviet Union in the early 1980s. Today, he said, the organization oversees citizen exchanges with several Russian cities and also works with the U.S. Library of Congress in hosting 200 to 300 Russian civic leaders who receive an orientation to the U.S. in Atlanta every year. “I think the timing is good, and the flight will have a very positive effect on the already increasing trade and investment between Russia and the Southeast U.S.,” Fenwick Huss, dean of the J. Mack Robinson College of Business at Georgia State University, said. “The economic ties include both U.S. based companies doing business in Russia and Russian companies, such as Luxoft that has an Atlanta presence, doing business in the U.S.” Luxoft is a member of the IBS Group, Russia's largest information technology company. Based in Moscow, the company also has offices in Atlanta, Seattle and London. “In addition to the business activity, other organizations such as Habitat for Humanity have begun Russian operations, and Georgia State University's Robinson College of Business has active partnerships in Russia, including Moscow State University,” he added. Yelena Epova, a partner at the Atlanta-based accounting and consulting firm of Habif, Arogeti and Wynne LLP, called the flights “a very positive thing for Georgia and surrounding states with companies already doing or thinking of doing business in Russia.” “Convenience is very important obviously,” she said. “I think it's even more positive for Russian companies and residents thinking about opening operations in Georgia. As you can imagine they have a lot of states to choose from and the fact that there is a direct flight will play a very significant role in their process for selecting a state.” Rick Charles, who heads Georgia State's aviation program, was less optimistic about the flights. He said that Delta's domestic concerns should be the company's top priority. “I don't really anticipate a lot of traffic,” he added, citing security concerns in Russia. “It will be very expensive to set up and could result in a substantial loss.” Delta will use Boeing 767-300ER aircraft, capable of carrying up to 204 people. To learn more about Delta Air Lines programs and services, go to www.delta.com
SIGN UP FOR GLOBAL ATLANTA NEWSLETTERS
Join more than 10,000 readers receiving timely updates on the latest international business news in Atlanta.