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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Related Subjects

Civil Partnership

Domestic Partnership

John Lewis Partnership

Partnerships

Uniform Partnership Act

Related Phrases