لغة أنجليزية

The types of partnerships :

1. General Partnership (GP)

Partners share management responsibilities and financial obligations equally.

Each partner has unlimited liability for the debts of the partnership.

2. Limited Partnership (LP)

Consists of at least one general partner with unlimited liability and one or more limited partners whose liability is restricted to their investment.

Limited partners do not participate in day-to-day management.

3. Limited Liability Partnership (LLP)

All partners have limited liability, protecting them from debts caused by other partners' mistakes.

Often used by professional firms such as law and accounting firms.

4. Limited Liability Limited Partnership (LLLP)

Similar to an LP but offers additional liability protection to general partners.

5. Joint Venture (JV)

A temporary partnership between two or more entities for a specific project, dissolving after project completion.

6. Partnership by Estoppel

Occurs when a person acts as a partner or is represented as one, leading to legal responsibilities even if they are not formally a partner.