What is partnership?????
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A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. There are several types of partnership arrangements. In particular, in a partnership business, all partners share liabilities and profits equally, while in others, partners have limited liability.
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A partnership is an arrugement , where parties known as business partner ,agree to cooperate to advance there mutul interests, the partner in a partnership may be individual,businesses ,interest- based organization school, government or combination.
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