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A partnership arises whenever two or more people co-own a business, and share in the profits and losses of the business. Each person contributes something to the business -- such as ideas, money, or ...

Partnerships don’t pay federal tax; income, losses, and credits pass to partners, who report them. Learn more about partnership taxes here. Do you have a great business idea, but you’re not sure you ...

Limited partnerships (LPs) are a specific type of business structure that consists of at least one general partner and one or more limited partners. The general partner typically assumes full ...

The right type of partnership will ultimately depend on your specific business needs. For example, one of the most common types of partnerships is a distribution partnership. Distribution partnerships ...

How you set up your business can have major consequences, from how easy it is to operate on a day-to-day basis to how you pay your taxes. It can also determine whether you are personally liable if ...