agreeing to a business partnership
| |

Limited Partnerships vs. General Partnerships: Which is Right for Your Business?

ByShahara Wright Posted on

In business, a partnership is an arrangement in which two or more people agree to share profit and losses. There are several types of partnerships, including general partnerships, limited partnerships, and limited liability partnerships. Each type of partnership has its own advantages and disadvantages. So, which type of partnership is right for your business? Here are…

startup business owners mapping out their business structure
| |

Different Types of Business Structures: Which is Right for Your Business?

ByShahara Wright Posted on

Deciding from a list of business structures isn’t the most ideal first step in business, but it is a necessary one. This decision can have significant financial and tax implications for your business, so it’s important to choose wisely. The most common types of business entities are sole proprietorships, partnerships, limited liability companies (LLCs), and…