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What Type of Partnership Allows an Organization to Sell Shares

question 36

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What type of partnership allows an organization to sell shares of the partnership to investors on a public market?


Definitions:

Payee

A payee is the individual or entity to whom a payment is made, typically named or designated in a financial transaction document.

Negotiation

The transfer of a negotiable instrument in such form that the transferee becomes a holder.

Indorsement

The act of signing one's name on the back of a check or other negotiable instrument to legally transfer its ownership.

Indorsee

A person to whom a draft, note, or other negotiable instrument is transferred by endorsement.

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