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 by all or any one of …

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 losses of the …

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

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.

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

Oct 19, 2025 · 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 definition: 1. the state of being a partner 2. a company that is owned by two or more people: 3. (in cricket…. Learn more.

What Is a Partnership? A partnership is a business with more than one owner that has not filed papers with the state to become a corporation or LLC (limited liability company).

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.