The federal government recognizes several types of partnerships. The two most common are general and limited partnerships. If your business will be owned and operated by several individuals ...

In other words, to qualify as a master limited partnership, a company must generate all but 10% of its revenues from natural resources or real estate activities. This definition of qualifying ...

A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...