The most common example of partnership businesses are general partnerships. Under these, there are several common kinds that include medical partnerships, legal partnerships, real estate partnership and creative partnership.Know More
A general partnership acts as a legal persona that binds at least two people known as partners to be responsible and liable for the established business. A medical partnership is comprised mostly of physicians who agree to share an office space or clinic. Surgeons offering specialized surgical services can also form under a surgical partnership.
Legal partnerships like The Legal Law Offices of Marks, Jones and Smith offer legal services to the public for such groups, with the prominent and established partners using the names in the business name.
Real estate partnership is composed of businesses focused mainly on real estate. The partners can have their own sales and profits. An example is a real estate business having 15 agents who deal with selling properties, while another five brokers act as employees and man the office.
A creative partnership is formed to generate income from advertising, graphic designing and marketing. Their services are in line with developing and selling accounts and/or personalized marketing and advertising strategies for businesses.Learn more about Business Resources
Automated Clearing House, or ACH, payment processing is an electronic authorization network used by financial institutions to instantly approve funds transfers initiated by businesses or consumers, according to the Consumer Financial Protection Bureau. Payroll direct deposit and automatic bill payment from a bank are common examples of ACH payment processing.Full Answer >
NAICS stands for the North American Industry Classification System, and it is the standard used by federal statistical agencies, including the U.S. Census Bureau, to classify businesses. The goal of the system’s creation was to produce common industry definitions throughout the United States, Canada and Mexico.Full Answer >
"Robert's Rules of Order" is a guide of the protocols and procedures used by businesses and organizations to effectively run a meeting. Originally called "Pocket Manual of Rules of Order for Deliberative Assemblies," it was written and first published by Brig. Gen. Henry Martyn Robert in 1876.Full Answer >
Lists of all businesses are published on a state-by-state basis. These records are public, but do not differentiate between small and large businesses. The federal Small Business Administration maintains direct links to each state's business administration, where state-specific information is available.Full Answer >