Search results
Results from the WOW.Com Content Network
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...
The meaning of PARTNERSHIP is the state of being a partner : participation. How to use partnership in a sentence.
PARTNERSHIP definition: 1. the state of being a partner 2. a company that is owned by two or more people: 3. (in cricket…. Learn more.
A partnership is a business with more than one owner that hasn't filed papers with the state to become a corporation or limited liability company (LLC). The partnership is the simplest and least expensive co-owned business structure to create and maintain. You can form three basic types of partnerships.
The Partnership is the relation which 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 the partnership firm and severally known as partners.
An association of two or more persons to conduct a business. In contrast to a corporation, those who engage in a partnership are liable for debts incurred by the company to the full extent of their private fortunes rather than merely to the extent of their investment. Discover More.
What is a Partnership? A partnership is a business structure in which the owners (partners) share with each other the profits and losses.