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- DictionaryPart·ner·ship/ˈpärtnərˌSHip/
noun
- 1. the state of being a partner or partners: "we should go on working together in partnership"
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Learn the various meanings and uses of the word partnership, from the state of being a partner to a legal relation between two or more persons in a business. See synonyms, examples, word history, and related phrases of partnership.
- What Is A Partnership?
- Types of Partnerships
- Taxes and Partnerships
- Advantages and Disadvantages of Partnerships
- Partnerships by Country
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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 may have limited liability. There also is the so-called "sil...
In a broad sense, a partnership can be any endeavor undertaken jointly by multiple parties. The parties may be governments, nonprofits enterprises, businesses, or private individuals. The goals of a partnership also vary widely. Within the narrow sense of a for-profit venture undertaken by two or more individuals, there are three main categories of...
There is no federal statute defining partnerships, but nevertheless, the Internal Revenue Code (Chapter 1, Subchapter K) includes detailed rules on their federal tax treatment. Partnerships do not pay income tax. The tax responsibility passes through to the partners, who are not considered employees for tax purposes. Individuals in partnerships may...
A successful partnership can help a business thrive by allowing partners to pool their resourcesand labor. Most sole proprietors do not have the time or resources to run a successful business alone, and the startup stage can be the most time-consuming. Creating a partnershipallows the partners to benefit from one another's labor, time, and expertis...
The basic varieties of partnerships can be found throughout common law jurisdictions, such as the United States, the U.K., and the Commonwealth nations. There are, however, differences in the laws governing them in each jurisdiction. The U.S. has no federal statute that defines the various forms of partnership. However, every state except Louisiana...
A partnership is a legal arrangement that allows two or more people to share responsibility for a business. Those partners share the ownership and profits, but they also share the work, responsibility, and potential losses. A successful partnership can give a new business more opportunities to succeed, but a poorly-thought out one can cause mismana...
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, such as general, limited, and limited liability partnerships. Partnerships have tax benefits and disadvantages, and may be easier to set up than corporations.
Partnership is the state of being a partner, a company that is owned by two or more people, or an agreement between organizations, people, etc. to work together. See examples, synonyms, collocations and translations of partnership in different contexts and languages.
A partnership is a legal relationship between two or more persons who share profits and losses in a business venture. Learn more about the origin, synonyms, and usage of the word partnership from Dictionary.com.
3 days ago · Learn the meaning of partnership as a relationship, a business venture, or a legal entity. Find synonyms, pronunciation, and usage examples of partnership in different contexts.
Definitions of partnership. noun. a cooperative relationship between people or groups who agree to share responsibility for achieving some specific goal. “effective language learning is a partnership between school, teacher and student” “the action teams worked in partnership with the government” see more. noun.
Learn the definition, pronunciation and usage of the word partnership in English. Find out the different meanings and examples of partnership in business, relationship and academic contexts.
