Partnerships are often an extension of a business that began as a sole proprietorship.

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Partnerships can be formed when two or more individuals or entities come together to jointly own and operate a business. Often, partnerships are formed when a business that began as a sole proprietorship grows and requires additional capital or expertise that the owner cannot provide on their own. In these cases, the owner may bring on one or more partners to help share the workload and invest in the business's growth.

Partnerships Are Often an Extension of a Business That Began