A partnership, as commonly defined, is a type of business structure with two or more owners (partners) who has not filed any application with the state to transform their business into a corporation or LLC (Limited Liability Corporation) Partnerships may be categorized under general partnership or limited partnershipTo add further, partnerships can be considered as the simplest and most inexpensive co-owned corporate business structure in terms of establishment procedures and maintenance...
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[Source: Legal Articles At Isnare.com - Posted by FreeAutoBlogger]
The Basics Underlying Partnership Establishment
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