"Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. persons There should be at least two persons to form a partnership or partnership firm. Restrictions on the number of persons The maximum...
associations. Accordingly, some partner-ships may contain individuals as well as large corporations. Family members may also form and operate a partnership, but courts generally look closely at the structure of a family business before recognizing it as a partnership for the benefit of the firm's...
firm·nessnoun Discover More Word History and Origins Origin offirm1 First recorded in 1300–50; fromLatinfirmus;replacingMiddle Englishferm(e),fromMiddle Frenchferm(e),fromLatin Origin offirm2 First recorded in 1565–75; fromSpanishfirma“signature” (hence, legal name of a partnership), noun...
FIRM , Noun. ferm. A partnership or house; or the name or title under which a company transact business; as the firm of Hope & Co. FIRM , Verb. T. ferm. [L. firmo.] To fix; to settle; to confirm; to establish. And Jove has firm'd it with an awful nod. ...
Firm Firm Definition A business or company that sells goods and/or services. The following business entities may be referred to as a firm; sole proprietorship, partnership, limited liability company or corporation. Submit a Definition
If it is NOT mentioned in the submitted tender that tender is being submitted on behalf of a Sole Proprietorship firm / Partnership firm / Joint Venture / Registered Company etc., then the tender shall be treated as having been submitted by the individual who has signed the tender. Proprietors...
The Partnership is therelationwhich subsists between individuals, who have decided to pool their money, skill and resources in business, to share profits and losses, in an agreed ratio. The members of a partnership, are jointly known as thepartnership firmand severally known aspartners. ...
2 : a partnership of two or more persons that is not recognized as a legal person distinct from the members composing it 3 : a business unit or enterprise Etymology Noun German Firma, from Italian, signature, ultimately from Latin firmare to make firm, confirm More...
Contractor/Employer(s) means any individual, firm, partnership or corporation, or combination thereof, including joint ventures, which is an independent business enterprise and enters into a contract with the District or any of its contractors or subcontractors of any tier, with respect to the const...
A firm is a business organization—such as a corporation, limited liability company, or partnership—that sells goods or services to make a profit.