Partnerships are conceptually much simpler than most other business forms (sole proprietorships represent an obvious exception). As this article explains, however, simplicity does not mean that you should not follow best practices when forming and operating one of these entities. This article examines pros and cons of the partnership form, and provides tips for forming and operating a partnership such that legal risks stemming therefrom are minimized.
- Summary by FizzLaw Team
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Partnerships: Basics and Best Practices