Israel McCoy There are many types of business organizations emerging now in Hawaii. One of it is the Partnership Organization. A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business... moreThere are many types of business organizations emerging now in Hawaii. One of it is the Partnership Organization. A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business undertaking in which all have invested. Partnerships are often favored over corporations for taxation purposes, as the partnership structure does not generally incur a tax on profits before it is distributed to the partners.
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