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Getting into a business partnership has its positive aspects. It allows all contributors to share the stakes in the business. Depending on the risk appetites of partners, a business can have a general or limited liability partnership. Minimal partners are only there to supply funding to the business. They have no say in business operations, neither do they share the responsibility of any debt or various other business obligations. General Companions operate the business enterprise and share its liabilities as well. Since limited liability partnerships require a large amount of paperwork, people usually tend to form general partnerships in businesses. Things to Consider Before ESTABLISHING A Business Partnership Business partnerships are a great way to share your profit and damage with someone it is possible to trust. However, a badly executed partnerships can turn out to be a disaster for the business. BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS BUS