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Partnerships are a common option for people who want to go into business with other people.
A partnership is a business with several individuals, each of whom owns part of the business.
R01, R43, etc.) to differentiate the wide variety of research-related programs we support.
NIH Institutes and Centers (ICs) may vary in the way they use activity codes; not all ICs accept applications for all types of grant programs or they apply specialized eligibility criteria.
In any partnership, each partner must "buy in" or invest in the partnership.
Usually, each partner's share of the partnership profits and losses is based on his or her percentage share of ownership.