1_ general partnership
_ partners share responsibilities and management and profits equally
_ there can be unlimited liability for the company's debts
2_ limited partnership
_ consists of a general partner ( who bears full liability ) and a limited partner ( whose liability is limited to the amount of his investment )
_ the limited partner does not participate in the management of the company
3_ strategic partnership
_ a partnership between companies to achieve certain common goals
_ it can be temporary or long-term