Legal Definition partnership noun part·ner·ship : an association of two or more persons or entities that conduct a business for profit as co-owners see also Uniform Partnership Act compare corporation, joint venture, sole proprietorship Note: Except in civil law as practiced in Lou...
Partnership definition: the state or condition of being a partner; participation; association; joint interest.. See examples of PARTNERSHIP used in a sentence.
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
Why is '-ed' sometimes pronounced at the end of a word? What's the difference between 'fascism' and 'socialism'? Popular in Wordplay See All What do SCOTUS, POTUS, and FLOTUS mean? More Words with Remarkable Origins Terroir, Oenophile, & Magnum: Ten Words About Wine ...
While the definition of partnership in business is pretty straightforward, there are several different partnership types - which can mean you need to do some thinking before you decide which to pick out. Here’s an overview of the common business partnership types used in the US....
Partnership is a type of business association where two or more people come together to carry on a business with a view to making a profit. In a partnership, each partner contributes resources such as capital, labor, and skills, and shares in the profits and losses of the business. ...
Definition of partnership noun from the Oxford Advanced Learner's Dictionarypartnershipnoun/ˈpɑːtnəʃɪp/ /ˈpɑːrtnərʃɪp/ [uncountable] the state of being a partner in business to be in/to go into partnership in partnership with somebody/something He developed ...
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] ...
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...
A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. There are several types of partnership arrangements. In a general partnership, all partners share liabilities and profits equally. In other types of partnerships, profits may be ...