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|LegalCornerTM - Law By Subject - Partnerships|
A partnership is the relationship between two or more individuals who own and operate a business. Like the sole proprietorship, the partnership does not enjoy limited liability protection afforded to corporations and LLCs, and the income gained or lost is reported on the individual owner's tax returns. Although not required by law, every partnership should have a written partnerhip agreement.
What is a general partnership?
What is a limited partnership?
What is a family limited partnership?
Can a limited partner lose his or her limited liability protection?
How do I form a limited partnership?
Do I need a written partnership agreement?
When is an LLC or Limited Partnership better than a General Partnership?
Can a partnership be formed orally, without a written agreement?
How long do I have to sue for breach of a partnership agreement?
What is the difference between a partnership and joint venture?