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Without this important protection, you can be on the hook for property injury, lawsuits, and other expensive prices if something had been to go wrong with a client. A partnership is similar to a sole proprietorship in that you're personally liable for your business. However, in a partnership, you share that duty with a number of partners. Each associate agrees to share the income, losses, and financial and legal legal responsibility for the corporate. Arlette Measures is a health and enterprise author who lives in the coronary heart of Oregon's wine country. She began her writing profession in 1993, when her first piece was published in "Woman's World." Measures studied copywriting at the American Writers & Artists Institute and presently works as a copywriter.
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