Difference between revisions of "Legal partnership"

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[[File:Org-forms.png|400px|thumb|right|[[Legal organizational entity]]]][[Legal partnership]] (or, simply, [[partnership]]) is the association  of two or more persons who act as co-owners of a business.
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[[File:Org-forms.png|400px|thumb|right|[[Legal entity]]]][[Legal partnership]] (sometimes, simply, [[partnership]]; however, [[partnership]] may also refer to [[strategic alliance]]) is the [[partnership]] of two or more persons who act as co-owners of a business.
  
  

Latest revision as of 17:20, 11 December 2020

Legal partnership (sometimes, simply, partnership; however, partnership may also refer to strategic alliance) is the partnership of two or more persons who act as co-owners of a business.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Partnership. The association of two or more persons who act as co-owners of a business.

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Partnership. A partnership exists when two or more persons associate to conduct a business.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Partnership. An unincorporated business owned by two or more persons.

Related concepts

Related lectures