d3af2f1a__Comparison_of_Business_Entity__6
[0] General Partnership [1] Partners [2] One minimum [3] All partners are liable [4] General partners [5] Terminates unless Partnership Agreement states otherwise [7] Minimum [8] From the partners [9] Paid by partners unless elect corporate tax status [10] Active partners can deduct from active business income [11] Not usually but can deduct medical insurance & set up IRA or Keogh retirement plan [12] Multiple owners who want little red tape & are OK with personal liability [6] 
Consent of all partners usually required by Agreement
Select a Business Entity, Comparison of Business Entity
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