Question

What is partnership? And what are its Types?


Answer in 30-50 words​

Answer 1

Answer:

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.

Explanation:

PLEASE mark me as brainliest

Answer 2

Explanation:

A partnership is an arrangement where parties, known as business development but sometimes partner those who try to achieve a single goal by working together

IT TYPES

General partnership.

A general partnership is the most basic form of partnership.

Limited partnership. Limited partnerships (LPs) are formal business entities authorized by the state.

Limited liability partnership.

Limited liability limited partnership.