I'm not an expert by any means, but my understanding is that partnerships are very different legal entities to a typical US LLC. I believe a partnership is typi

I'm not an expert by any means, but my understanding is that partnerships are very different legal entities to a typical US LLC. I believe a partnership is typically in many ways closer to what I suggested may be the case with Nebula – where the company has bylaws and contracts in place internally to make this work. On the other hand for an LLC, LTD, or other similar types of company, being a shareholder is a more public position, and might require reporting, or updating documents registered with the local government every time it changes. That's fine for tens of shareholders in a private company, but not for thousands or millions.