A company made of partners (usually similar to sole proprietorship)

 

"We chose a general partnership rather than limited liability company due to the decreased taxation requirements."

 

"Our stakeholders have a limited partnership with our company that limits their potential loss to the amount they invested."

 

"The partnership between 4 of us brought specific specialties to make up the whole company, along with equal investments from all parties."

 

"Our partnership dissolved after Christmas of the year we began."