Partnership A partnership is a legal form of a business operation that is between two or more individuals who will share management responsibilities and profits. There are several types of partnerships that are recognized by the federal government, but the two most common types are general and limited partnerships. Partnership Agreement It is easy to […]
Limited Liability Partnership (LLP) – Advantages and Disadvantages of LLP
A partnership is an agreement between at least two people or entities to jointly own and run a business. The partners will share managerial duties as well as the profits and losses. That said, a limited liability partnership or LLP is a special partnership that gives protection to each partner against any negligence on the […]
