
Partnership
We've taken the struggle out of forming your entity and incorporating your business.
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A partnership is a legal entity owned by two or more persons who engage in business for profit.
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Pros
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They are easy to form and maintain.
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Ability to join forces and raise capital without being accountable to investors
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Partnerships benefit from partners who have complementary skills and talents
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Limited liability partnerships provide some level of liability protection for partners
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They do not pay corporate tax
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Cons
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If the partnership agreement is drafted poorly, there could be potential disputes that may result in costly litigation
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Partners may have personal liability for losses and debts except in the case of limited partnerships and limited liability partnerships.
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