When starting a business, you have four main structures to choose from: a corporation, a limited liability company, a sole proprietorship and a partnership. The tax liability of a business varies ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...

Learn the differences and similarities of these two partnership types so you know which business entity to choose. Many, or all, of the products featured on this page are from our advertising partners ...

A general partnership is the easiest form of legal business structure to create and maintain. The essential requirement is the agreement among the partners to operate a for-profit business. Like other ...