Chapter 1: Episode 21 (The Philosophy of Money- Business Units-- Partnership)
Update: 2021-07-21
Description
- A partnership is an engagement of two or more people who run a business as co-owners. These owners are referred to as partners.
In this episode we go over the Partnership type of business unit covering the following:
- Characteristics of a partnership
- Types of partnerships
- Types of partners
- Sources of capital
- Advantages
- Disadvantages
- Dissolution
Disclaimer: Majority of this information will be derived from a course text I used in High School in my business studies class called "Investor 2". This information is still however relevant to date.
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