d finances and skills of each partner. Splitting the debts among each owner provides a financial safety net, but financial and legal liability is still unlimited. It also can provide more security to investors, who may choose to provide only funding and accept only limited financial responsibility. The biggest drawback to a partnership is its binding nature. Leaving requires finding a buyer for the portions left. Interpersonal conflicts, therefore, can cripple the business easily if the members cannot cooperate and reach agreements on important business decisions. Many enterpreneurs enjoy the freedom of complete control more than the greater potential for profits and ease of startup, making this a less popular form of small business.
             The third type, the corporation, is formed as a legal organization with liabilities and assets seperate from its owners. This organizational type offers several advantages over the other two. The investors are stockholders, each owning a small share of the company. This insures that each investor has a low financial liability limited to what was already invested. It also offers many legal advantages, as legal action may only be taken against the corporation as an individual, not against the stockholders. Corporation
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