Learn about general partners, their roles in management, examples of their work scope, and the benefits and liabilities in a partnership.

A partnership whose sole asset is all the stock of a corporation offers opportunities but with potential pitfalls.

A limited partner invests money in a partnership but has restricted voting power on company business and no day-to-day involvement in the business.

In an ideal business partnership, everyone contributes their time and labor toward making the company a success. When a partner isn't pulling her weight, it's essential to address the problem before ...

A partner can contribute expertise, business contacts and money to a new or growing business. Partnerships take many forms. You may recruit an equal partner who contributes the same amount of money ...

When a partner is supportive, they’ll do cool things like listen to your problems, boost you up when you’re feeling down, and cheer you on towards a goal. This attitude — when it goes both ways — ...