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Attorney L. Reed Bloodworth, managing partner of Bloodworth Law in Orlando and Winter Haven, Florida, assists businesses in establishing partnerships by determining the appropriate business structure. He creates partnership agreements or operating agreements to legally outline roles, revenue, responsibilities, and liabilities of partners. In Florida, there are four types of partnerships: General Partnerships, Limited Partnerships, Limited Liability Partnerships, and Limited Liability Limited Partnerships. In a General Partnership, responsibilities and profits are typically shared equally, unless a formal agreement specifies otherwise, granting all partners equal decision-making authority.