In this lesson you will learn about partnerships and franchises, both of which are business organizations in which responsibilities are shared by more than one person. You are, no doubt, familiar with the wordspartnershipandpartner.For example, you might work with a partneranother classmateto complete a school project. But in business, the wordpartnershipmeans something very specificand has important legal implications. Think about what it might mean to be a partner in a business. How might working with a business partner differ from running a sole proprietorship? Write down your thoughts on these questions:

• In your experience, what qualities or behaviors do you think partners need to have to make a partnership work?
• What do you think might be the financial rights and working responsibilities of business partners?

Answer all the bullet points in one to two paragraphs.