General partnerships can usually offer specialized goods or services. A partnership is a type of business where 2 or more partners work together and share profits, but they also share unlimited liability towards the partnership's debts and obligations.
The problem with unlimited liability is usually solved by forming a limited liability partnership (LLP) or a limited liability company (LLC).
Partnership, is the right answer.
In the context of Business, a statutory form of business regulation between two or more people who partake control and profits. However, in a common partnership, the partners operate the business and assume liability for the partnership's obligations and other debts. In this way, the partnership has an advantage of specialization of jobs or goods/services proposed but the disadvantage of unlimited liability.
The reason is that the partners in the partnership firm are of equivalent knowledge and experience and combined exibit greater specialization in a specific field. The example included are of accounting firms, auditing firms, law firms, etc.
Shared decision making