What are the types of corporate partnerships?

Corporate partnerships are also known as business structures. Just because you want to start a business, it doesn’t mean that you can use any structure. You will need to either consult a business expert or determine which structure will best identifies you and your business situation. Sole proprietorship means that one person or couple is in charge and owns the business.

General partnership refers to more than two people who are not married or are referred to as a couple and they own the business. Limited partnership refers to one person or group are considered to be general partners and are actively involved in the business. It also contains a limited person or partner who does not make many of the decisions or work a lot for the business.