How To Manage Partnership Business – An unincorporated business structure that two or more parties form and own together is called a partnership. These parties, called partners, may be individuals, corporations, other partnerships, or other legal entities.
Partners may contribute capital, labor, skills, and experience to the business. They may have unlimited legal liability for the actions of the partnership and its partners.
How To Manage Partnership Business
The most common type of partner is a general partner, who actively manages and exercises control over the business operations.
Limited Liability Partnership (llp)
Limited partners have limited legal liability. This type … Read the rest