One of the important advantages of partnerships is the distribution of financial risks and liabilities, which reduces the burden on any single partner. They collectively use problem-solving skills to improve their ability to identify and solve potential risks. Each partner has different expertise, which helps to find out the different risks involved.
Examples of partnership
| General Partnership – Examples | Limited Partnership (LP) – Examples |
| Law firms | Real estate investment firms |
| Medical practices | Venture capital funds |
| Small retail businesses | Film production companies |
| Consulting services | Private equity firms |
| Limited Liability Partnership (LLP) – Examples | Joint Venture – Examples |
| Accounting firms | Sony Ericsson |
| Consulting firms | MillerCoors |
| Law firms | Hulu (NBC, Fox, Disney) |
| Architectural firms | Caradigm (Microsoft and GE Healthcare) |
| Strategic Alliance – Examples | Silent Partnership – Examples |
| Starbucks and Barnes & Noble | Restaurant investor partnerships |
| Spotify and Uber | Film production financing |
| Apple and Nike | Real estate development projects |
| Toyota and BMW | Small business investments |
| Public Private Partnership (PPP) – Examples | Master Limited Partnership (MLP) – Examples |
| Infrastructure projects | Energy pipelines |
| Public transportation systems | Natural resources extraction |
| Public hospitals | Oil and gas storage |
| Educational institutions | Renewable energy projects |