- Partnerships have at least 2 owners and up to 20 owners.
- They can employ many workers.
- The business is unincorporated (the owner is the business and the business is the owner).
- Unlimited Liability (could lose everything).
- You should have a Deed of Partnership which details who contributes what to the business and who takes what from the business.
- If there is no Deed of Partnership, everything must be split equally.
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