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Your Expert Source For Forming Business Entities in Nevada and other states.

Your Expert Source For Forming Business Entities in Nevada and other states.

Partnership

Partnerships

This type of business entity is formed when two or more people come together to conduct business. While forming a partnership, all partners must agree on which duties they will each take on and what percentage of ownership they will each hold.

This is usually done with a partnership agreement that should be put together by a lawyer. Perhaps this type of Nevada business entity could suit your business.

Partnership Advantages

  • Ease of formation
  • Pass-through tax treatment

Partnership Disadvantages

  • Personal liability
  • Lack of continuity
  • Lack of investment flexibility
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