Getting into a business partnership has its own benefits. It allows all contributors to share the stakes in the business enterprise. Depending on the risk appetites of partners, a company can have a general or limited liability partnership. Limited partners are just there to provide financing to the business enterprise. They have no say in company operations, neither do they discuss the responsibility of any debt or other company obligations. General Partners function the company and discuss its liabilities as well. Since limited liability partnerships call for a great deal of paperwork, people tend to form overall partnerships in companies. Things to Think about Before Setting Up A Business Partnership Business partnerships are a great way to talk about your[…]