Partnership - Definition in Civil Law

Definition in Civil Law

Companies law
  • Company
  • Business
Business entities
  • Sole proprietorship
  • Partnership
  • Corporation
  • Cooperative
European Union / EEA
  • EEIG
  • SCE
  • SE
  • SPE
UK / Ireland / Commonwealth
  • Community interest company
  • Limited company
    • by guarantee
    • by shares
    • Proprietary
    • Public
  • Unlimited company
United States
  • Benefit corporation
  • C corporation
  • LLC
  • Series LLC
  • LLLP
  • S corporation
  • Delaware corporation
  • Delaware statutory trust
  • Massachusetts business trust
  • Nevada corporation
Additional entities
  • AB
  • AG
  • ANS
  • A/S
  • AS
  • GmbH
  • K.K.
  • N.V.
  • Oy
  • S.A.
  • more
Doctrines
  • Business judgment rule
  • Corporate governance
  • De facto corporation and corporation by estoppel
  • Internal affairs doctrine
  • Limited liability
  • Piercing the corporate veil
  • Rochdale Principles
  • Ultra vires
Related areas
  • Civil procedure
  • Contract
Accountancy
Key concepts
  • Accountant
  • Accounting period
  • Accrual
  • Bookkeeping
  • Cash and accrual basis
  • Cash flow forecasting
  • Chart of accounts
  • Convergence
  • Journal
  • Special journals
  • Constant item purchasing power accounting
  • Cost of goods sold
  • Credit terms
  • Debits and credits
  • Double-entry system
  • Mark-to-market accounting
  • FIFO and LIFO
  • GAAP / IFRS
  • Management Accounting Principles
  • General ledger
  • Goodwill
  • Historical cost
  • Matching principle
  • Revenue recognition
  • Trial balance
Fields of accounting
  • Cost
  • Financial
  • Forensic
  • Fund
  • Management
  • Tax (U.S.)
Financial statements

Balance sheet

  • Cash flow statement
  • Income statement
  • Statement of retained earnings
  • Notes
  • Management discussion and analysis
  • XBRL
Auditing
  • Auditor's report
  • Control self-assessment
  • Financial audit
  • GAAS / ISA
  • Internal audit
  • Sarbanes–Oxley Act
Accounting qualifications
  • CIA
  • CA
  • CPA
  • CCA
  • CGA
  • CMA
  • CAT
  • CIIA
  • IIA
  • CTP
  • CFE
  • CICA
  • ACCA
  • CIMA
For a country-by-country listing of types of partnerships, companies, etc., see Types of business entity.

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.

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