Getting into a business partnership has its own benefits. It allows all contributors to split the bets in the business enterprise. Depending on the risk appetites of spouses, a company may have a general or limited liability partnership. Limited partners are just there to give funding to the business enterprise. They have no say in company operations, neither do they share the duty of any debt or other company duties. General Partners operate the company and share its liabilities too. Since limited liability partnerships call for a great deal of paperwork, people usually tend to form overall partnerships in companies. Facts to Think about BeforeRead More →