Private Equity Interview Question:

What is a partnership?

Submitted by: Murtaza

A partnership is a form of business in which two or more people operate for the common goal of making profit. Each partner has total and unlimited personal liability of the debts incurred by the partnership. There are three typical different types of classifications for partnerships:
☛ General partnerships
☛ Limited partnerships
☛ Limited liability partnerships
Submitted by: Murtaza