Which One?

[cleung]

Please kindly tell me which of the following two is a correct or better sentence. Thank you.

1) The four partners all have a long history and a successful background in Northern California.

2) The four partners all have long histories and successful backgrounds in Northern California.

[matilda]

the first sentence means that they have one memory about a specific travel or party or anything else.
but the second sentence means that each person has his/her own experiences or memory.