What are the parnership types?

The parnership types

The parnership types

بواسطة - RANA KHELAIFIA
عدد الردود: 1

The types of partnerships include:

 

1. General Partnership: All partners share management responsibilities and liability equally.

 

 

2. Limited Partnership: There is a general partner with full liability and a limited partner whose liability is restricted to their investment.

 

 

3. Limited Liability Partnership (LLP): Partners are protected from being personally responsible for each other's mistakes.

 

 

4. Joint Venture: A temporary partnership formed for a specific project, ending once the project is completed.