The type of partnership that allows investors to limit their liability. Introduction: Partnership: Partnership refers to a type of business in which two or more people agree to share the responsibility of managing the business, profits and losses through a partnership deed. The profits/losses earned by the business are generally shared in a particular ratio. The partners are also given other special benefits.Â A partnership is basically of two types - general and limited.

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To Explain:The type of partnership that allows investors to limit their liability.

Introduction:

Partnership:

Partnership refers to a type of business in which two or more people agree to share the responsibility of managing the business, profits and losses through a partnership deed. The profits/losses earned by the business are generally shared in a particular ratio. The partners are also given other special benefits.Â A partnership is basically of two types - general and limited.

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