The general partnership is one of the oldest forms of business. It is an unincorporated business that generally arises by default whenever two or more people engage in a business for profit. A ...

Partnerships consist of one or more people who start or own a business together, either informally or formally as an LLC. After a launch, the partnership may need to end, for any number of reasons.

When you enter a business partnership, it’s easy to get swept up in the possibilities of your new venture and not think about what happens if things don’t work out. Even well-run partnerships can ...