Partnerships have a long history, they were already in use in Medieval times in Europe and in the Middle East. In Europe, the partnerships contributed to the Commercial Revolution which started in the 13th century. In the 15th, century the cities member of the Hanseatic League, would mutually strengthen each other; a ship from Hamburg to Danzig, would not only carry its own cargo but was also commissioned to transport freight for other members of the league. This practice not only saved time and money; but also constituted a first step toward partnership. This capacity to join forces in reciprocal services became a distinctive feature, and a long lasting success factor, of the Hanseatic team spirit.
Today in certain partnerships of individuals, particularly law firms and accountancy establishments, equity partners are distinguished from salaried partners (or contract or income partners). An equity partner is a part-owner of the business, and is entitled to a proportion of the distributable profits of the partnership, while a salaried partner who is paid a salary but does not have any underlying ownership interest in the business and will not share in the distributions of the partnership (although it is quite common for salaried partners to receive a bonus based on the firm's profitability). Although they are both regarded as partners, in legal and economic terms, equity partners and salaried partners have little in common other than joint and several liability The degree of control which each type of partner exerts over the partnership depends on the relevant agreement. We regard our investors as equal partners in all our partnership deals regardless of the size business we are acquiring or contemplating on acquiring. If you are an investor seeking partnership opportunities, please contact us.