General Partnership

A general partnership is a fast and simple way to start a business. A partnership can register its business name by filing a DBA ("doing business as"). This allows you to open a bank account and officially conduct business under the name of the partnership.

Alternatively, many business owners choose to conduct business though an LLC or corporation, which has the added benefit of personal liability protection.

  • For partners who want to legally do business under the partnership's name
  • Allows you to open a bank account in the DBAs name
  • Helps shield personal assets
  • Easier to seek outside investment
  • Choice of S-corporation or C-corporation
  • Helps shield personal assets
  • Few corporate formalities
  • Fewer ownership restrictions
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