#RightRisk #RiskInAg #AgRiskMgt

Learn more via the recently completed 4-page, 4-color RISK CONCEPTS series, covering seven common forms of business ownership, including the S Corporation: RightRisk.org/riskconcepts.

A GENERAL PARTNERSHIP is an association of two or more people who agree to carry on a business as co-owners for a profit. The general partnership is a very flexible form of enterprise. State partnership statutes provide default rules pertaining to management rights and the calculation of each partner’s share of profits and losses. However, the partners in a partnership agreement are generally free to change these default provisions by agreement.

Please follow and like us: