A partnership does not protect your personal assets in the event that your business is sued. You can learn more aboutchoosing the right business structureandforming an LLCby visiting our free guides. Partnership Meaning | Partnership Definition What is a partnership?Apartnershipis an informal busines...
Define Business partnership. Business partnership synonyms, Business partnership pronunciation, Business partnership translation, English dictionary definition of Business partnership. n. 1. The state of being a partner. 2. a. A business entity in which
On this page, you'll find the legal definition and meaning ofPartnership, written in plain English, along with examples of how it is used. What is Partnership? It is referred to the assiciation of two or more persons, also known as partners, with common interest to perform a business wit...
See full definition Partnership A legal form of business operation between two or more individuals who share management and profits. The federal government recognizes several types of partnerships. The two most common are general and limited partnerships. ...
Kids Definition partnership noun part·ner·ship ˈpärt-nər-ˌship 1 : the state of being a partner 2 : a business organization owned by two or more persons who agree to share the profits and losses Legal Definition partnership noun part·ner·ship : an...
Definition:Business Partnership Contract Type Jurisdiction Country Include Keywords Exclude Keywords Additional filters are available in search Open Search Use ofBusiness Partnershipin a Clause Business Partnershipmeans Brookfield Business L.P.; Sample 1Sample 2Sample 3 ...
From the statutory definition of partnership, the essential elements of partnership can be understood as "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...
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Definition:A partnership is an unincorporated business entity formed by two or more people. The owners of a partnership are called partners because they join efforts and resources to start the business. What Does Partnership Mean? Contents[show] ...
A partnership is a legal arrangement that allows two or more people to share responsibility for a business. Those partners share the ownership and profits, but they also share the work, responsibility, and potential losses. Partnerships are often seen as having more favorable tax treatment than co...