There are 7 types of Partnerships :
1. General Partnership: All partners share equal responsibility for management and debts
2. Limited Partnership : Includes a general partner and limited partners
3. Limited Liability Partnership: Partners have liability protection and are not personally responsible for business debts common in professional services
4. Joint Venture : A temporary partnership for a specific project dissolved after completion
5. Silent Partnership: A partner invests but does not participate in management
6. Equity Partnership: Partners contribute capital in exchange for ownership shares
7 Public Private Partnership : Collaboration between government and private sector for public project