what is partnership
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A partnership is a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates. ... There are three types of partnerships: General partnership. Limited partnership. Joint venture
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Definition: The term partnership, is used to mean a business structure wherein two or more individuals, come together for undertaking a lawful business and have agreed to share the profits and losses arising from it. ... It is started through a legal agreement between partners, called as partnership deed.
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