Search results
A typical partnership form of business will always have the following basic features. 1. Agreement. The definition of the partnership itself makes it clear that there must exist an agreement between partners to work together and share profits amongst them. Partners may make such an agreement either orally or in writing.
2 [countable, uncountable] a relationship between two people, organizations, etc.; the state of having this relationship Marriage should be an equal partnership. partnership with somebody/something the school's partnership with parents partnership between A and B a partnership between the United States and Europe
Jun 6, 2024 · General Partnership: A general partnership is an arrangement by which partners conducting a business jointly have unlimited liability , which means their personal assets are liable to the ...
Partnership Definition: 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 ...
PARTNERSHIP definition: 1. an arrangement in which two people or organizations work together to achieve something: 2. a…. Learn more.
PARTNERSHIP meaning: 1. an arrangement in which two people or organizations work together to achieve something: 2. a…. Learn more.
Nov 8, 2020 · Partnership has not been found easy to define. Eminent Jurists and authors have defined the term in various ways. According to Kent, “partnership is a contract of two or more competent persons to place their money, effects, labor, and skill, or some or all of them, in lawful commerce or business, and to share the profit and bear the loss in certain proportions.”
