Section 2
Partnerships
Book
Version 6
By Boundless
By Boundless
Boundless Business
Business
by Boundless
4 concepts
Types of Partnerships
A partnership, of which various forms exist, is an arrangement where parties agree to cooperate to advance their mutual interests.
Partnership Agreements
Partnership agreements govern the relationship between the various individuals who are collaborating on a given venture.
Advantages and Disadvantages of Partnerships
Partnerships are easy to establish and carry many advantages, however there are risks due to the concentrated ownership structure.
Partnerships and Taxes
Various partnerships need to file different tax forms; it is important to understand the IRS codes before embarking on a partnership.