Navigating the Partnership Business Landscape

[Lily]

Partnering with friends or family to establish a business creates a partnership business model. This can extend beyond two partners, but exceeding four may necessitate transitioning to a private limited model. A partnership business can transform into a private limited company, which, in turn, can evolve into a public limited company through an IPO. The key distinction lies in the scale of capital. Partnerships are smaller ventures, while private and public limited companies involve larger capital structures.