Partnerships – Episode 1: What Are Partnerships?

In this kickoff episode of Season 4 of Organized: The Business Law Breakdown, Professor Seth C. Oranburg explains the basics of general partnerships: how they form, what makes a partnership under the law, and why these rules matter. Through practical examples, Professor Oranburg highlights how partnerships can arise by accident, the unique legal risks partners face (including unlimited liability), and why a written partnership agreement is so important. Perfect for students and professionals who want a clear, foundational understanding of business organizations.