• 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:

1. Characteristics of a partnership
2. Types of partnerships
3. Types of partners
4. Sources of capital
5. Advantages
6. Disadvantages
7. 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.