I would like to be part of General Partnership Corporation where 2 or more people are involved in starting a business and contributing money, skills and labor towards the business. General partnership is the most common type of partnership. The liabilities, contributions, and responsibilities of the partners are usually equal unless and until stated otherwise. Typically, a partnership agreement will describe which partners have certain authorities and responsibilities. Unlike limited partnership, in general partnership all the partners are equally entitled to all the profits, liabilities and contributions. In General partnership, everyone will have the decision making power. Limited partnership is safer in the sense that being a limited partner you may not be responsible for all the decision, liability and contributions but you also won’t be part of equal ownership and profits.