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Published byAllen Bartholomew Morris Modified over 6 years ago
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Krystal Hernandez Andrade, Montse Dominguez
Partnerships Krystal Hernandez Andrade, Montse Dominguez
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What A legal relationship formed by an agreement between two or more individuals to carry out a business. Some partnerships includes individuals who work in the business, while other include those who have limited participation.
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Types Of Partnerships General Limited Limited Liability
Partners who participate in day to day operations, who have liabilities as owners for debts and lawsuits. Limited One general partner that manages the business and one who is limited and does not participate Limited Liability Similar to limited partnership, but may have general different partners.
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Successful Partnerships
Bill Gates and Paul Allen Created Microsoft Childhood friends Larry Page and Sergey Brin Created Google Met through Stanford but were not instantly friends Steve Jobs and Steve Wozniak Created Apple Wozniak created the computer while Jobs sold it
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