Research the various formation types of partnerships and answer the following questions:

• What are the characteristics and differences among the following types of partnerships: regular partnerships, limited liability partnerships, and general partnerships?
• What are some examples of the types of businesses that would form each of the types above?
• What are some advantages and disadvantages of each of the types?
• In your opinion, if you have to form a partnership, which formation type would you choose, and why?

Include citations to all information found from the textbook, websites, or other references.