Business Partnerships & Contracts

Saytuun Sustainable Investiments is the leading consultant in business Partnerships and contracts in the horn of africa region. We have operations in Mogandishu Somalia, Hargeisa Somaliland, Puntland, Ethiopia, Eritrea, Kenya and Denmark.

There are several kinds of partnership agreements you can choose from when forming your business.
1. In a limited partnership, the agreement can be both limited and general in scope. Partners are limited in their obligations, meaning they might not be responsible for the actions of the company. Most of the time, limited partnerships are ideal for big investors who wish to receive a share of the company but don't want to be involved in day-to-day management.
2. In a limited liability partnership, the business has characteristics of both a partnership and a corporation. This means that the partner will have limited liability for any mistakes another partner or employees of the company make.
3. In a qualified joint venture, the two partners involved are married and own a business together. Because of the agreement, they can file a partnership tax return separately.
4. In a joint venture as partnership, two or more entities will come together to work toward a mutual goal. While they will not legally form a single entity, they will work as one for a specified period to achieve a predefined goal.

A business development partnership agreement is essential to protect the rights of each partner. Without such an agreement, each party is 100 percent liable for the business, even if they only own a small portion of it. Additionally, a business development partnership agreement limits who can perform transactions on behalf of the company.