There are several famous examples of business partnerships, including Google, a company founded by Larry Page and Sergey Brin. Page and Brin met at Stanford University while attending graduate school. Although they initially argued a lot, they successfully collaborated on a research paper about a hypertextual web search engine. The concepts from that paper formed the core of the Google search engine.Continue Reading
Twitter users can thank Biz Stone and Evan Williams for creating a company that made microblogging popular. Both men brought a decade of experience in blogging to the partnership. This successful partnership is based on camaraderie and mutual respect.
EBay is a good example of an unlikely business partnership. When Pierre Omidyar first told Jeffrey Skoll about his idea for an auction website, Skoll was not fond of it. However, Skoll changed his mind and became the first eBay employee. Their working relationship evolved into a close business partnership, which led to a lucrative IPO deal within three years.
Some businesses formed by partnerships survive and continue to be prosperous long after the original partners have died. Proctor and Gamble is an iconic company that makes many popular consumer household brands. Founded in 1837, the company was named after William Proctor and James Gamble.Learn more about Business Resources
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.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 >
To start a business in Florida, choose a name for your business, determine if you want to form a sole proprietorship, partnership or limited liability company, and register your business with the state, instructs StateofFlorida.com. Home-based or online business owners must also register their businesses with the state.Full Answer >
The most basic example of a partnership is a general partnership, in which two or more parties share in the profits and losses of a company. The split between partners can be at any percentage point, with the percent owned determining the exact amount of the profit or liability retained.Full Answer >