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Attorney L. Reed Bloodworth is managing partner of Bloodworth Law with offices in Orlando and in Winter Haven, Florida. When Florida businesses are founded, members have to decide which type of business partnership will be established based on the structure partners want for the business. Reed works with businesses to additionally create business partnership agreements or operating agreements to further define and legally secure roles, revenue, responsibilities and liabilities of each partner. So, what types of partnerships can be formed in Florida? In Florida, there are four types of partnerships: General Partnerships Limited Partnerships Limited Liability Partnerships, and, Limited Liability Limited Partnerships There is the general partnership in Florida where everything is split equally, unless people in the partnership create a formal agreement. Otherwise, everyone in the general partnership has the same authority. They have the same ability to make decisions for the partnership,
