The most common example of partnership businesses are general partnerships. Under these, there are several common kinds that include medical partnerships, legal partnerships, real estate partnership and creative partnership.Continue Reading
A general partnership acts as a legal persona that binds at least two people known as partners to be responsible and liable for the established business. A medical partnership is comprised mostly of physicians who agree to share an office space or clinic. Surgeons offering specialized surgical services can also form under a surgical partnership.
Legal partnerships like The Legal Law Offices of Marks, Jones and Smith offer legal services to the public for such groups, with the prominent and established partners using the names in the business name.
Real estate partnership is composed of businesses focused mainly on real estate. The partners can have their own sales and profits. An example is a real estate business having 15 agents who deal with selling properties, while another five brokers act as employees and man the office.
A creative partnership is formed to generate income from advertising, graphic designing and marketing. Their services are in line with developing and selling accounts and/or personalized marketing and advertising strategies for businesses.Learn more about Business Resources
An example of a family's emergency action plan describes how each member should become aware of an alert, communicate with others about it and reach the agreed-upon meeting place. The U.S. Department of Homeland Security’s Ready.gov website states that emergency action plans should outline response protocols for various unexpected events, indicate individual responsibilities, identify channels of communication, and list agreed-upon evacuation routes and meeting places. Any organization, from a family to a large company, can create an EAP.Full Answer >
One example safety slogan is "If you think your job is hard now, try doing it without hands," as published on SafetySlogans.org. Its meaning refers to the potential risk entailed in many industrial jobs involving dangerous machines; those who are not careful when using them can easily lose their hands.Full Answer >
There are three types of business partnerships: general, limited and limited liability. A limited liability limited partnership is a fourth type that is not recognized in all states, according to Biz Filings.Full Answer >
If the business partners have put buyout terms in the company's partnership or operating agreement, buying out a partner is a simple matter of following the provisions, obtaining a valuation of the business and closing the deal, according to Inc. If the partners have not determined a buyout procedure in advance, every step of the process must be negotiated, but would include a business valuation and a strategy for funding the buyout.Full Answer >