May 1, 2025 · A partnership is a formal business arrangement between two or more individuals who agree to manage and operate a business together while sharing its profits and liabilities.

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 …

A partnership refers to an unincorporated business structure that two or more parties form and own together.

The meaning of PARTNERSHIP is the state of being a partner : participation. How to use partnership in a sentence.

A partnership is a business owned by two or more people who agree to share its profits and losses. Each partner provides labor, skills, money, or property to the business.

Oct 27, 2025 · 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 …

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.

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 …

Oct 25, 2025 · A partnership is a type of business entity where two or more owners work together and share in the business’s profits and debts. Depending on the partnership structure, a …

Dec 11, 2025 · Learn the definition of a partnership and discover the answers to FAQS concerning partnerships, including the different types of partnerships and how they work.