Question

what is partnership?
What is partnership?
​

Answer 1

Explanation:

A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract.

Answer 2

Answer:

A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. In particular, in a partnership business, all partners share liabilities and profits equally, while in others, partners have limited liability.

This is the correct answer.

Hope my answer helped.