because in a partnership helps you out with equity finance
Both the partners finance the operations as well as divide the profits in a partnership.
Saad Abdul Sattar al-Harran. has written: 'Islamic finance' -- subject(s): Finance, Partnership (Islamic law), Religious aspects of Finance, Agricultural credit, Banks and banking, Islam
James K. La Fleur has written: 'Tax sheltered financing through the R & D limited partnership' -- subject(s): Finance, Industrial Research, Law and legislation, Limited partnership, Research, Industrial, Tax shelters, Taxation
A finance company can seize any property put up as collateral for a loan when you are in default.
Overseas expeditions were (and still are) expensive. No one person can afford to finance an expedition. If a large number of people each contribute some money to a partnership, and the expedition loses money, then each partner will lose a small amount of money.
All partnership rights are detailed in the partnership agreement.
4 types -general partnership -limited partnership -master limited partnership -limited liability partnership
The ones I'm aware of (In the US) are General Partnership, Limited Partnership (LP), Limited Liability Partnership (LLP), and Limited Liability Limited Partnership (LLLP)
If the partnership is a general partnership, all partners assume unlimited liability. However, if the partnership is a limited partnership, one or more of the partners assumes unlimited liability
i thinks that is impossible in this economic situation banks are not lending and especially as you have a bad credit you will not get a loan you might finance it your self or enter a partnership anyways good luck
partnership