A partnership means thet the partners will share the ownership and management of the business. it also means that each of them will be equally responsible for all debts occurred by their business, and that they will equally share the profits and assets (Jintanaseri, 1991, p. 55). According to the Civil and Commercial code, the partnership can be divided into two kinds: (1) Ordinary Partnership and (2) Limited Partnership. An ordinary partnership may register as a juristic person. All the partners are wholly liable for all obligations of the partnership whereas a limited partnership may be established by one or more partners whose individual liability is limited to the invested amount of the partnership.