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25+ SAMPLE Business Partnership Proposals in PDF | MS Word | Google Docs | Apple Pages
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How to Write a Partnership Proposal [Examples + Template]
Updated: June 18, 2024
Published: June 17, 2024
Partnerships generate $3.9 billion per year in the U.S. and supercharge the revenue of companies like Microsoft, Atlassian, and Shopify. Teaming up with another professional or company can multiply your capacity, expertise, and growth.
With so much at stake, approaching a potential partner can be intimidating. Whenever I make a business pitch, there are three items I work to perfect. First, an underlying relationship to build on. Second, a stellar verbal presentation for a pitch meeting. And third, a killer partnership proposal.
A partnership proposal is a powerful tool to showcase your professionalism and convince your potential partner why they should collaborate with you. I’ve compiled what you should include in your proposal, plus four partnership proposal templates to give you a head start.
What is a partnership proposal?
- Types of Partnership Proposals
Components of a Partnership Proposal
How to write a partnership proposal, partnership proposal template, partnership proposal examples, partnership proposal tips.
A partnership proposal is a document outlining the benefits, scope, and structure of a future collaboration between two businesses or individuals.
Most partnership collaborations begin with an idea and verbal discussions. “ Hey, here’s a crazy idea. What if we…” If you don’t know the person, start with a warm intro email or phone call first.
A partnership proposal is the next step in the process, formalizing concepts to align goals and gain buy-in. While it isn’t a legal contract, it’s often a precursor to one.
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Types of Business Partnerships
Before creating a business partnership proposal, it’s important to understand which type of partnership you want to pursue.
General Business Partnership
When two or more individuals enter a business agreement and share unlimited liability, you have a general business partnership. A proposal for a general business partnership should include the share of ownership, contributions of each partner, the distribution of profits and losses, and the terms for dissolution.
Joint Venture
A joint venture (JV) is an agreement between two companies to combine resources and expertise for a specific purpose. For instance, a global company might form a JV with a local company when bringing a product to a new country.
Limited Partnership
A limited partnership (LP) is a business partnership that includes at least one general partner and at least one limited partner. Limited partners have minimal liability and management oversight of the operations. An LP is common in single-purpose scenarios like a real estate transaction.
Limited Liability Partnership
The LLP structure is common in professional service fields such as law firms, doctor’s offices, and accounting. Similar to an LLC, a limited liability partnership (LLP) is an agreement between partners that grants them limited liability. LLP requirements vary by state.
Influencer Partnership
An influencer partnership is a limited-scope agreement between an influencer or creator and a brand to create and publish branded social media content.
Sponsorship Partnership
A sponsorship is a collaboration between businesses, nonprofits, or media companies where one company pays for access to promote their goods and services to the other company’s audience.
When I write proposals, I always aim to personalize each one and find the right balance between personable and professional. While the nuances of each partnership model vary, there are a few common elements that every partnership business proposal should have.
Executive Summary
Hook your reader’s attention with a summary explaining the partnership concept, key benefits, and a table of contents.
List each partner with their contact and background information. Specify the role each will have, and whether they are a general or limited partner. Make it visual, with photos or logos.
Goals and Objectives
All good partnerships start with shared goals. Explain your goals and dreams for the partnership, from a high-level vision to specific objectives.
Share who your audience is and any key demographics. Make sure that your audience will fit with the partner’s audience, and vice-versa. An audience is a key selling point for partners, especially with influencer or sponsorship partnerships. Some brands go as far as account mapping to identify customer overlap, but general audience data can be as effective.
Scope of Work
Next, define the scope of work and projects to be covered with the partnership. If this is for a limited-scope project like an influencer collaboration, give a precise breakdown of project steps. If this is for a general partnership, JV, or LP, list target activities and deliverables and who is responsible for each. Give timelines as appropriate.
Benefits and Challenges
If you’ve ever written a business plan, you’re likely already familiar with the SWOT analysis (strengths, weaknesses, opportunities, threats). Similar to this, give an abbreviated analysis of:
- Challenges that will need to be tackled.
- Benefits to the collaboration.
- Market research and industry analysis.
Legal and Financial Information
Propose terms and conditions for the partnership, like payment and revenue-sharing structures. Spell out who will own intellectual property generated by the company and how royalties will be distributed. Address how disputes or a partnership dissolution would be handled.
To test this out, I wrote a general partnership proposal between a web designer and a web developer who want to team up to start a website studio. I used HubSpot’s partnership business proposal template to build a professional proposal outlining the partnership benefits and structure.
Creating a compelling partnership proposal requires a clear understanding of your potential partner's needs and how your collaboration can meet those needs. To simplify this process and ensure you have all the required information, consider using HubSpot Sales Software . This tool can help you gather insights, track interactions, and manage your proposal process more efficiently.
Here are the steps I took to create the proposal.
1. Outline the Benefits
To convince your partner, make the case why it’s worth them sharing their time (and profits) with you.
I started my proposal with an executive summary envisioning why the partnership would appeal to future clients. That leads into a “Benefits of Collaboration” section where I clearly outline the mutual advantages.
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Expand your business and optimize market opportunities by creating a business partnership proposal that will persuade prospects.
A partnership proposal template can help you write a stand-out proposal that will explain how you and the potential business partner can grow together. In this article, we'll discuss how to write a partnership proposal and highlight actionable tips you can use to propose business partnerships.
I used HubSpot’s partnership business proposal template to build a professional proposal outlining the partnership benefits and structure. Creating a compelling partnership proposal requires a clear understanding of your potential partner's needs and how your collaboration can meet those needs.
To write a proposal for a business partnership, research your prospective partner, choose a customizable proposal template, write the content, customize your proposal, add interactive elements and download and share it with your prospective partners.
A partnership proposal is created to propose a partnership and if the other business agrees, then a partnership can be done. In this article are sample proposals that help form partnerships between different entities.
Looking to prepare your partnership proposal? Download a customizable partnership proposal template in PDF or Word. And when it’s time to get paid, use the international Wise business account.