Partnership
Partnership
Glossary of business
Definition of partnership
A partnership is a firm owned by between 2-20 people who share the profits and usually have unlimited liability for the debts of the firm. There is now also a new category of limited liability partnership (llp) where the firm is still a partnership, but they have limited liability for the debts of the firm as in the case of private and public limited companies.
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Author : not indicated on the source document of the above text
Terminology about business
Job world
Definition and meaning of partnership
Meaning of partnership
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