Partnership

What Does Partnership Mean?
A business organization in which two or more individuals manage and operate the business. Both owners are equally and personally liable for the debts from the business.

Investopedia explains Partnership
Partnership doesn't always mean two people. There are many large partnerships who have thousands of partners.

Related Terms

Co-borrower
Consortium
Cross-Sell
DUNS Number
Incorporate
Joint Venture
Limited Partnership - LP
Sole Proprietorship
Strategic Alliance
Unlimited Liability Corporation - ULC
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