Creating these legal forms is a common practice in business and is widely accepted. Most business forms that are self created are accepted in court and can be legally upheld as long as both parties have signed the forms. If creating forms seems to be to daunting than purchasing them can the preferred option. There are many stationary stores and office supply stores that carry generic business forms that can be customized to fit any business. There are also ways to customize the forms to even have them reflect the businesses letterhead.
Planning is an important aspect of creating business forms. It is important to plan what exactly the forms will be used for. There is certain criteria that should be considered. How important is the form? What specifics need to be addressed in the form? A business legal form is usually legally binding so being sure that the form fits all the local rules and requirements is also very important. Coming up with several prototypes is typical when planning a business form. Generating the forms than reviewing the finished product is also a common practice. Ideas during the planning stage can come from different sources. There are a lot of online websites that will provide a sample of various forms it violates copyright laws to use the form verbatim in most cases but looking at the form and using the same format is not a violation and there may be some good ideas that will inspire the creation of the form.
In addition in a general liability partnership which is the usual form you and your partners are also personally liable for the debts of the business. In choosing a partner or partners you have to consider the chemistry factor where all of you can work together and smoothly as a team and complementing one another strengths and weaknesses. Otherwise in case of misunderstanding and one of the partners leave the business the partnership will also cease to exist especially in a two-person partnership.