Question

define a partnership from and explain the features​

Answer 1

Explanation:

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

Answer 2

$\huge\underbrace\blue{Answer}$

▶️A ᴘᴀʀᴛɴᴇʀsʜɪᴘ ɪs ᴀ ғᴏʀᴍᴀʟ ᴀʀʀᴀɴɢᴇᴍᴇɴᴛ ʙʏ ᴛᴡᴏ ᴏʀ ᴍᴏʀᴇ ᴘᴀʀᴛɪᴇs ᴛᴏ ᴍᴀɴᴀɢᴇ ᴀɴᴅ ᴏᴘᴇʀᴀᴛᴇ ᴀ ʙᴜsɪɴᴇss ᴀɴᴅ sʜᴀʀᴇ ɪᴛs ᴘʀᴏғɪᴛs. Tʜᴇʀᴇ ᴀʀᴇ sᴇᴠᴇʀᴀʟ ᴛʏᴘᴇs ᴏғ ᴘᴀʀᴛɴᴇʀsʜɪᴘ ᴀʀʀᴀɴɢᴇᴍᴇɴᴛs. Iɴ ᴘᴀʀᴛɪᴄᴜʟᴀʀ, ɪɴ ᴀ ᴘᴀʀᴛɴᴇʀsʜɪᴘ ʙᴜsɪɴᴇss, ᴀʟʟ ᴘᴀʀᴛɴᴇʀs sʜᴀʀᴇ ʟɪᴀʙɪʟɪᴛɪᴇs ᴀɴᴅ ᴘʀᴏғɪᴛs ᴇϙᴜᴀʟʟʏ, ᴡʜɪʟᴇ ɪɴ ᴏᴛʜᴇʀs, ᴘᴀʀᴛɴᴇʀs ʜᴀᴠᴇ ʟɪᴍɪᴛᴇᴅ ʟɪᴀʙɪʟɪᴛʏ.

▶️Fᴇᴀᴛᴜʀᴇs ᴏғ ᴘᴀʀᴛɴᴇʀsʜɪᴘ ғᴏʀᴍ ᴏғ ᴏʀɢᴀɴɪsᴀᴛɪᴏɴ ᴀʀᴇ ᴅɪsᴄᴜssᴇᴅ ᴀs ʙᴇʟᴏᴡ:

• Tᴡᴏ ᴏʀ Mᴏʀᴇ Pᴇʀsᴏɴs: ...
• Cᴏɴᴛʀᴀᴄᴛ ᴏʀ Aɢʀᴇᴇᴍᴇɴᴛ: ...
• Lᴀᴡғᴜʟ Bᴜsɪɴᴇss: ...
• Sʜᴀʀɪɴɢ ᴏғ Pʀᴏғɪᴛs ᴀɴᴅ Lᴏssᴇs: ...
• Lɪᴀʙɪʟɪᴛʏ: ...
• Oᴡɴᴇʀsʜɪᴘ ᴀɴᴅ Cᴏɴᴛʀᴏʟ: ...
• Mᴜᴛᴜᴀʟ Tʀᴜsᴛ ᴀɴᴅ Cᴏɴғɪᴅᴇɴᴄᴇ: ...
• Rᴇsᴛʀɪᴄᴛɪᴏɴ ᴏɴ Tʀᴀɴsғᴇʀ ᴏғ Iɴᴛᴇʀᴇsᴛ:

H⃠ ope it helps⃠