What does a partnership form of business imply? In a partnership, individuals come together to do business. The two types of par

Question

Kisachek [45]

4 years ago

12

What does a partnership form of business imply? In a partnership, individuals come together to do business. The two types of par

tnerships are general and .

English

2 answers:

topjm [15] · Answer 1 · 2022-01-17T17:51:00+03:00

topjm [15]4 years ago

8 0

The second one is limited partnerships.

slega [8] · Answer 2 · 2022-01-17T20:12:44+03:00

Answer:

In a partnership, individuals come together to do business. The two types of partnerships are general and limited.

Explanation:

A general partnership is a form of business that allows all partners to contribute to the daily management of the business. In a limited partnership, one or more partners -limited partners- are not involved in the daily management and are only investors in the business, so their liability is limited up to the extent of their investment.