Relationship between two or more persons based on a written, oral, or implied agreement whereby they agree to carry on a trade or business for profit and share the resulting profits. Unlike a CORPORATION'S shareholders, the' Partnership''s general partners are liable for the DEBTS of the partnership. (See GENERAL PARTNERSHIP, LIMITED LIABILITY PARTNERSHIP, LIMITED PARTNERSHIP.).
Barry Goldsmith
| APA | Barry Goldsmith. (2010). partnership. Retrieved September 20, 2026, from http://smartdefine.org/partnership/definitions/1160216 |
| Chicago | Barry Goldsmith. 2010. "partnership" http://smartdefine.org/partnership/definitions/1160216 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, partnership, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/partnership/definitions/1160216>. |
| MLA | Barry Goldsmith. "partnership" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/partnership/definitions/1160216> |