Incorporation Session 8 - Partnerships
Kevin starts out with the raw facts. Partnerships are dangerous and exposure to liability is huge. Listen to the facts that we put together for you when considering this type of business form. Business partnerships are difficult, however this business form can still work with the type of partners; corporations for example.
This session will define a partnership and how this entity is governed. Agreements and state law play a role in how this form of business can operate. Kevin discusses partnership agreements and how partnerships can be organized and formed. You will see some important examples of what you should know before entering a partnership.
Again, the advantages and disadvantages are discussed, as well as taxation. We compare this business form to other entities on these topics. Real-world examples are used to illustrate the vulnerabilities and characteristics of this business.
Inside This Session
- The truth about partnerships
- Survival statistics for this form of business
- Advantages of being a partnership
- The big liability factor being this form of business
- Who can be a partner?
- Partnership Agreement
