Legal partnership

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Legal partnership (or, simply, partnership) is the association 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

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