Understanding the Basics of General Partnerships: What You Need to Know

Have you ever thought about starting a business with a friend? Or maybe you've considered joining forces with someone who complements your skills? If so, getting familiar with the concept of a general partnership is a good place to start. You see, a general partnership isn’t about having just one sharp mind at the helm; it's all about collaboration and shared responsibility. The minimum requirement isn't just a formality; it’s the heart of partnership itself. So, how many people do you think you need? Let’s break it down.