Examples:
Barb and Jane formed the partnership B & J Associates.
Common Misspellings:
none
Related Resources:
Elsewhere on the Web:
Choosing A Legal Structure
Definition:
A business entity owned by a more than one person often two people who share in the profits and file taxes individually.
Related Terms
• LLC
• Sole Proprietorship
Ownership Resources
Learn all about business ownership structures.
Legal Business Structures
A complete resource on various ownership types including LLC, partnership and incorporation.
This article covers the risks, tax implications, liabilities and control of various business ownership types.
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