Definition in Civil Law
Companies law |
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Business entities |
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UK / Ireland / Commonwealth |
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Doctrines |
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Accountancy |
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Fields of accounting |
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Financial statements |
Balance sheet
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Auditing |
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Accounting qualifications |
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A partnership is a nominate contract between individuals who, in a spirit of cooperation, agree to carry on an enterprise; contribute to it by combining property, knowledge or activities; and share its profit. Partners may have a partnership agreement, or declaration of partnership and in some jurisdictions such agreements may be registered and available for public inspection. In many countries, a partnership is also considered to be a legal entity, although different legal systems reach different conclusions on this point.
Read more about this topic: Partnership
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