what types of businesses are best suited for partnerships 
partnerships are often best for a group of professionals in the same line of work where each partner has an active role in running the business these often include medical professionals lawyers accountants consultants finance investing and architects the bottom linea partnership is a legal arrangement that allows two or more people to share responsibility for a business those partners share the ownership and profits but they also share the work responsibility and potential losses partnerships are often seen as having more favorable tax treatment than corporations a successful partnership can give a new business more opportunities to succeed but a poorly thought out one can cause mismanagement and disagreements 