7%
17%
There are numerous different kinds of partnership organizations, or classes, that businesses can choose. Examples include Limited Partnerships and Limited Liability Limited Partnerships.
As the external environment threatens the sustainability of many companies, businesses can fight their decline through inter-organizational partnerships. The collaboration can lead to profit in different areas.
Seventy percent
30 percent
75%
17%
The vast majority of businesses start out as sole proprietorships or partnerships. A third option is to set up a corporation. In the United States, about 70 percent of all businesses are sole proprietorships, 20 percent are corporations and the remaining 10 percent are partnerships.
Roughly 2% percent of all businesses in the U.S. are Corporations.
General partnerships, limited partnerships, and corporations may be converted to LLCs, provided they comply with certain requirements.
There are numerous different kinds of partnership organizations, or classes, that businesses can choose. Examples include Limited Partnerships and Limited Liability Limited Partnerships.
50 %
31%
50%
Small businesses provide 55% of all jobs and 66% of all net new jobs since the 1970s. - Official statement from SBA
One true fact for all types of partnerships is how important open communication and honesty are to the partnership. A partnership is only as strong as the people involved.
As the external environment threatens the sustainability of many companies, businesses can fight their decline through inter-organizational partnerships. The collaboration can lead to profit in different areas.