The federal government recognizes several types of partnerships. The two most common are general and limited partnerships ... use a general partnership to structure your business.

Rebecca McClay has 10+ years of experience writing and editing content. Rebecca is an expert in personal finance, business, and financial markets. Getty Images / Thomas Barwick A master limited ...

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 ...