Asset Type

Real Estate

Do you know what to do if someone wants to make a gift of real estate to your organization? Check out the GPFG to learn more about this great opportunity for many donors and nonprofits.

Business: Partnerships

In the beginning: A partnership is formed when two or more people start an unincorporated, for-profit business and all individuals involved are part owners.

A partnership is very straightforward to create. Some general features:

  1. All partners manage equally
  2. All partners are equally liable
  3. There is very little liability protection

But those are just the general terms. There are multiple subsets of partnership type.