Which of the following is NOT a type of business partnership?

A franchise partnership is not a recognized type of business partnership. In a franchise agreement, one party (the franchisor) grants another party (the franchisee) the rights to operate a business under their trademark or brand and to sell their products or services. This relationship is fundamentally different from a partnership, which involves co-ownership and shared profits and losses among partners.

The other types of partnerships mentioned—limited liability partnerships, ordinary partnerships, and limited partnerships—are all established forms of business partnerships recognized in business law. A limited liability partnership allows for some partners to have limited personal liability for the debts of the partnership. An ordinary partnership is a simple form where partners share responsibilities, profits, and liabilities equally. A limited partnership consists of at least one general partner with unlimited liability and one or more limited partners whose liability is restricted to their investment. Each of these partnership types includes elements of shared ownership and collaborative business operations, which differentiates them from franchise agreements.