Question

State the types of partnership firm.

Answer 1

1) General partnership

2) limited partnership

3) limited lability partnership

4) limited lability limited partnership

Answer 2

There are three moderately regular association types: general organization (GP), constrained organization (LP) and restricted risk organization (LLP).

A fourth, the restricted risk constrained organization (LLLP), isn't perceived in all states.

The two most basic are general and constrained organizations. A restricted association has both general and constrained accomplices.