to start a partnership business, what should be the minimum number of partners?

to start a partnership business, what should be the minimum number of partners?

7 hours ago 2
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To start a partnership business, the minimum number of partners required is two. This applies to general partnerships, limited partnerships, and limited liability partnerships (LLPs). Specifically:

  • A general partnership requires at least two partners who share profits, losses, and liabilities
  • A limited partnership must have at least one general partner and one or more limited partners, so at least two partners in total
  • A limited liability partnership (LLP) also legally requires two or more partners at the time of formation

Thus, the minimum number of partners to start any form of partnership business is two

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