Question

what is the term “partnership”means?​

Answer 1

Answer:

A partnership is an arrangement between two or more people to oversee business operations and share its profits and liabilities. In a general partnership company, all members share both profits and liabilities. ... There may be tax benefits to a partnership compared to a corporation.

Explanation:

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Answer 2

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.