This business structure allows two or more people to carry on a business in common with a view of profit.
There are two types of Partnerships in Hong Kong and governed by the Partnership Ordinance(Cap. 38)
However, there must be at least one general partner with unlimited liability. He has unlimited liability for the firm’s debts and is responsible for the day-to-day running of the business.
It’s commonly used by the professional, like solicitor – law firm or in small scale business form. The maximum partners are 20, except for solicitors, accountants, stockbrokers, or any other professions, vocations and businesses approved by the Chief Executive in Council.