{"id":3376,"date":"2023-02-22T21:28:28","date_gmt":"2023-02-22T21:28:28","guid":{"rendered":"https:\/\/course.oeru.org\/ient102\/?page_id=3376"},"modified":"2023-02-22T21:28:28","modified_gmt":"2023-02-22T21:28:28","slug":"partnership","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/ient102\/learning-pathways\/legal-forms-of-business\/partnership\/","title":{"rendered":"Partnership"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<div class=\"floatright\"><a href=\"https:\/\/wikieducator.org\/File:Shakinghands.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Shakinghands.jpg\" src=\"\/\/wikieducator.org\/images\/thumb\/b\/b3\/Shakinghands.jpg\/300px-Shakinghands.jpg\" width=\"300\" height=\"200\" class=\"img-responsive\"><\/a><\/div>\n<p>A <b>business that is directly owned by two or more people<\/b> is generally called <b>a partnership<\/b>.\n<\/p>\n<p>Read the section on partnerships in <a href=\"https:\/\/wikieducator.org\/images\/6\/62\/Business_ownership_comparison.pdf\" class=\"internal\" title=\"Business ownership comparison.pdf\">Forms of Business Ownership<\/a> <sup id=\"cite_ref-1\" class=\"reference\"><a href=\"#cite_note-1\">[1]<\/a><\/sup>, to find out more about this form of business ownership and its advantages and disadvantages. You may find it helpful to complete the exercises at the end of the reading.\n<\/p>\n<p>Note that in some countries, there are also entities called limited partnerships and\/or limited liability partnerships, to which different rules apply.<sup id=\"cite_ref-2\" class=\"reference\"><a href=\"#cite_note-2\">[2]<\/a><\/sup> You are not asked to consider these for this course.<br \/>\n<br style=\"clear:both;\">\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"activity\" src=\"https:\/\/course.oeru.org\/ient102\/wp-content\/themes\/oeru_course\/idevices\/Icon_activity.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Research activity<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>Search on the internet (or through a local business support agency) to find out:\n<\/p>\n<ul>\n<li> What terminology is used in your country for a business that is directly owned by two or more people, like a partnership in the USA\n<\/li>\n<li> What the main features are of this sort of business entity in your country\n<\/li>\n<\/ul>\n<p>Thinking about your business idea and the factors that you thought were important in choosing a business ownership model, identify:\n<\/p>\n<ul>\n<li> Two advantages of using this form of business ownership for your start-up business\n<\/li>\n<li> Two disadvantages of using this form of business ownership for your start-up business\n<\/li>\n<\/ul>\n<p>\nIn your learning journal, make notes on what you have found out and where you found it (urls etc.), so that you can refer to it again. You will use this information for the learning challenge.\n<\/p>\n<p>Remember to tag or label your post using the course code: IENT102 (This is needed to harvest a link to your blog post in the course feed.)\n<\/p>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p>\n<\/p>\n<ol class=\"references\">\n<li id=\"cite_note-1\"><span class=\"mw-cite-backlink\"><a href=\"#cite_ref-1\">\u2191<\/a><\/span> <span class=\"reference-text\"><a rel=\"nofollow\" class=\"external text\" href=\"http:\/\/oasis.col.org\/handle\/11599\/2467\">VUSSL: The Business Environment<\/a><\/span>\n<\/li>\n<li id=\"cite_note-2\"><span class=\"mw-cite-backlink\"><a href=\"#cite_ref-2\">\u2191<\/a><\/span> <span class=\"reference-text\"><a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/en.wikipedia.org\/wiki\/Limited_liability_partnership\">Wikipedia<\/a><\/span>\n<\/li>\n<\/ol>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.044 seconds\nReal time usage: 0.052 seconds\nPreprocessor visited node count: 120\/1000000\nPreprocessor generated node count: 960\/1000000\nPost\u2010expand include size: 3437\/2097152 bytes\nTemplate argument size: 1965\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:181701-0!*!*!*!*!2!* and timestamp 20230222045115 and revision id 1058685\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/ient102\/learning-pathways\/legal-forms-of-business\/sole-proprietorship\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/ient102\/learning-pathways\/legal-forms-of-business\/corporation\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Introduction_to_entrepreneurship\/IENT102\/Legalities\/Partnership\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"c45f2cd34282489d23857d55852cf9d4\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Introduction_to_entrepreneurship\/IENT102\/Legalities\/Partnership\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"c45f2cd34282489d23857d55852cf9d4\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>A business that is directly owned by two or more people is generally called a partnership. Read the section on partnerships in Forms of Business Ownership [1], to find out more about this form of business ownership and its advantages and disadvantages. You may find it helpful to complete the exercises at the end of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3366,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3376","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/comments?post=3376"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3376\/revisions"}],"predecessor-version":[{"id":3377,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3376\/revisions\/3377"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3366"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/media?parent=3376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}