Sam and his best friend John combine their proprietorships to start a partnership named B.H Software. The firm will specialize in developing financial modeling software. Each of them has little capital and their business is risky. If they start a partnership, Sam plans to contribute in proprietorships and John will contribute in managing the business. Although both Sam and John are financial wizard, they do not know a great deal about how a partnership operate. as a result, they come to you for your professional advice about organizations with partnership characteristics

Required:

1. Summarize different forms of organization that have partnership characteristics.

2. As an expert in the field, what form of organization do you advise them to use in their business?