From 1368 to 1911, partnerships with distributive shares were the principal form of a business entity that investors ran coal mines. In the modern era, most enterprises were partnerships in the form of general partnerships levying unlimited liability on the partners. In 1933, 41% of factories were run by partnerships and 20% were sole proprietorships. After the end of the 1950s centralization of the economy caused the partnership form to vanish for nearly 30 years. In the 1980s partnerships returned with different names to avoid the sensitive label of private ownership. On 1 June 2007, the Partnership Enterprise Law came into force and established partnerships as a legal business entity...
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Also known as: Louis Partnership