I recommend you talk to a CPA and have them help you from the beginning.The specifics are way beyond what anyone could cover here on Quora. Just for starters you need to know if your LLC even qualifies to be a partnership, you need two or more owners. A single member LLC cannot be a partnership. You need to have, preferably in writing, how profits, losses and capital of the partnership will be allocated. You need an EIN for the LLC. You need a separate business checking account for the LLC. You need bookkeeping to keep track of your transactions. Then you have the potential of needing to pay franchise tax, sales tax, employment tax, unemployment tax, excise tax and/or gross receipts tax. Finally a partnership has to file a form 1065 with the IRS each year. Not a DIY form in my opinion.You will be way ahead if you get professional help now, before you make a mistake that costs you more in the long run.