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Partnership - Wikipedia According to section 4 of the Partnership Act of 1932,"Partnership is defined as the relation between two or more persons who have agreed to share the profits of a business carried on by all or any one of them acting for all"
What Is the Legal Definition of a Partnership? - LegalClarity Explore the legal framework of partnerships, including formation, liability, obligations, and dissolution processes A partnership is a business arrangement where two or more individuals collaborate to operate a business, sharing its profits, losses, and responsibilities
Partnerships | Internal Revenue Service A partnership is the relationship between two or more people to do trade or business Each person contributes money, property, labor or skill, and shares in the profits and losses of the business
Types of Partnerships - FindLaw A partnership is a legal business structure where two or more individuals create a business and share in the partnership’s profits and losses
partnership | Legal Information Institute According to New York Partnership Law, a partnership is a voluntary, contractual association between two or more parties to carry out business for-profit as co-owners Partnerships are composed of partners, who are agents of the partnership and may enter into contracts on behalf of the partnership