A general partnership, while inexpensive to set up, potentially saddles the partners with big personal liability. Many, or all, of the products featured on this page are from our advertising partners ...

Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print, and digital newsrooms. Vikki Velasquez is a researcher and writer who has managed, ...

Opinions expressed by Entrepreneur contributors are their own. A partnership is a business form created automatically when two or more persons engage in a business enterprise for profit. Consider the ...

An LLP is an unincorporated business owned and run by multiple people whose assets are protected. Many, or all, of the products featured on this page are from our advertising partners who compensate ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Peopleimages / ...

Opinions expressed by Entrepreneur contributors are their own. No man is an island — not even you, fearless entrepreneur. Even the sharpest business owner has to call upon others for assistance. And ...

The law generally defines a partnership as an association of two or more people who operate as co-owners of a business and split the profits from that business. Therefore, to form a partnership, it is ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. Federal tax law treats partnerships as conduits for tax ...