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Set Up a Partnership in Virginia

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Old 12-24-2012, 12:54 AM   #1
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Default Set Up a Partnership in Virginia

Hello friends,

The partnership business structure exists as one of the most common type of businesses found in the United States, as explained by the Reference for Business website. A partnership begins automatically when two or more individuals decide to start a for-profit business venture. Partners have unlimited liability for company debts, obligations and judgments. This means a partner may lose his home, automobile and other personal assets if the partnership’s assets do not cover the company’s obligation.

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Duncan Jones
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Old 12-24-2012, 08:43 AM   #2
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