Describe the characteristics, advantages, and disadvantages of

It is likely that you will work for a partnership, conduct business with a partnership, or form a partnership at some point in your career. There are three main forms of a partnership: general partnership (partnership), limited partnership (LP) and limited liability partnership (LLP).

Please respond to allof the following prompts in the class discussion section of your online course:

• If you had to form a partnership, which form would you choose? Why?
• What provision in the partnership agreement do you think is the most critical? Explain your rationale.
• Of the disadvantages to a partnership, which one would cause you the most concern? Why?
• Attached is a notes from teachers reading for week.