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Ally f Kitandula
Apr 4

Types of partnership?

Types
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Apr 4
1. General partnership: In a general partnership, all partners share equal responsibility for the management and liabilities of the business.

2. Limited partnership: In a limited partnership, there are both general partners who have unlimited liability and limited partners who have limited liability and limited involvement in the management of the business.

3. Limited liability partnership (LLP): In an LLP, all partners have limited liability for the debts and obligations of the business, and each partner is not personally liable for the actions of the other partners.

4. Joint venture: A joint venture is a partnership between two or more parties for a specific project or business activity, with each party contributing resources and sharing in the profits and losses.

5. Strategic partnership: A strategic partnership is a collaboration between two or more businesses to achieve a specific goal or objective, such as expanding into new markets or developing new products.

6. Public-private partnership (PPP): A PPP is a partnership between a government agency and a private sector company to deliver public services or infrastructure projects, with the risks and rewards shared between the two parties.

7. Professional partnership: A professional partnership is a partnership between professionals, such as lawyers, accountants, or doctors, who work together to provide services to clients.
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