Partnership Standard Format Minutes
Unlike limited companies the legislation governing partnerships does not
specify how partnerships record their internal decisions. There is no
equivalent provision for a partnership to section 248 of the Companies Act
2006, whereby every company must record the minutes of all proceedings at
meetings of its directors and records must be kept.
It is however likely that the governing partnership agreement will specify
how internal decisions should be made and recorded; this will usually apply
to meetings of the members of the partnership as a whole and those
decisions taken by the managing partner. Even if the partnership agreement
is silent, it is a matter of good internal administration that a process is
established for arriving at decisions and a record of meetings is kept by
This template is based on the standard format minutes for companies and
adapted for partnerships. It may be used to record the minutes of a meeting
of the members of the partnership.
These minutes contain optional wording and are in open format. The
requisite details should be inserted into the highlighted fields or the
wording can be adjusted to suit your purposes. Wording in square brackets
is optional. If it is required, then the brackets should be deleted and the
wording within them retained. If the wording is not required, then it can
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