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- Dictionarypartnership/ˈpɑːtnəʃɪp/
noun
- 1. the state of being a partner or partners: "we should go on working together in partnership"
- 2. an association of two or more people as partners: "an increase in partnerships with housing associations" Similar
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A partnership is a kind of business where a formal agreement between two or more people is made who agree to be the co-owners, distribute responsibilities for running an organization and share the income or losses that the business generates.
Jun 27, 2024 · 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...
An Introduction. A partnership is a form of business which enables two or more persons to co-own an organization, and they agree to share the profits and losses of the company. Each member of such a business is called a Partner, and collectively they are known as a partnership firm.
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.
Oct 10, 2023 · A partnership is a collaborative relationship between two or more parties to achieve shared goals or mutual benefits. This can take various forms, such as business partnerships, strategic alliances, or joint ventures.
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.
The meaning of PARTNERSHIP is the state of being a partner : participation. How to use partnership in a sentence.
An unincorporated business structure that two or more parties form and own together is called a partnership. These parties, called partners, may be individuals, corporations, other partnerships, or other legal entities. Partners may contribute capital, labor, skills, and experience to the business.
A partnership is an agreement where parties agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest -based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach.
Partnership definition: the state or condition of being a partner; participation; association; joint interest.. See examples of PARTNERSHIP used in a sentence.
