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.


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

  1. Cross-Sell

    The practice of selling or suggesting related or complimentary products to a ...
  2. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources ...
  3. Limited Partnership - LP

    Two or more partners united to conduct a business jointly, and in which one ...
  4. Limited Liability Company - LLC

    A corporate structure whereby the members of the company cannot be held personally ...
  5. Strategic Alliance

    An arrangement between two companies that have decided to share resources to ...
  6. Sole Proprietorship

    The sole proprietor is an unincorporated business with one owner who pays personal ...
  7. DUNS Number

    A nine-digit numbering system which uniquely identifies an individual business. ...
  8. Consortium

    A group made up of two or more individuals, companies or governments that work ...
  9. Co-borrower

    Any additional borrower(s) whose name(s) appear on loan documents and whose ...
  10. Unlimited Liability Corporation ...

    A corporate structure that permits a company to be incorporated and flow all ...
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Hot Definitions
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