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partnership
(redirected from Business partnership)

    Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
Partnership
A business organization in which two or more individuals manage and operate the business. Both owners are equally and personally liable for the debts from the business.

Notes:
Partnership doesn't always mean two people. There are many large partnerships who have thousands of partners.

Partnership
Shared ownership among two or more individuals, some of whom may, but do not necessarily, have limited liability with respect to obligations of the group. See: General partnership, limited partnership, and master limited partnership.
partnership
A business owned by two or more people who agree on the method of distribution of profits and/or losses and on the extent to which each will be liable for the debts of one another. A partnership permits pass through of income and losses directly to the owners. In this way, they are taxed at each partner's personal tax rate. Compare corporation, proprietorship. See also general partnership, limited partnership, silent partner.
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? Mentioned in ? References in periodicals archive
 
Like marriage, a business partnership is a commitment that should not be taken lightly (we're using "partnership" generically, so it could include other structures such as corporations).
For better or worse--considerations for a lasting partnership by Bergerman, Samuel / SaskBusiness
Naylor and BOMA International have enjoyed a successful business partnership for years, and we are excited to building on that relationship," said BOMA International chairman and chief elected officer Kurt R.
Naylor media group joins BOMA International as Cornerstone Partner by Real Estate Weekly
Business Partnership Emerald winner Anheuser-Busch has found a way to recycle 66,000 miles of plastic label wrapping.
Emerald honors by Recycling Today
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