Q&A

Question: Can a partnership have shareholders?

Answer:

No. This is because of the different ownership interests of a partnership and a company structure. Owners of a company are shareholders as they purchase their interest in the company by buying shares or stocks. In a partnership, the business is owned and run by partners that own a percentage of the whole business as set out in the Partnership Agreement.

Lachlan McKnight

Answered by Lachlan McKnight

Lachlan is the CEO of LegalVision, an innovative and tech-driven law firm. LegalVision is disrupting Australia's legal industry and transforming the way in which Australian businesses access legal services. He previously worked as a corporate lawyer and investment banker in London, Paris, Amsterdam and Hong Kong. Lachlan specialises in banking and finance, capital raising and startups.

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