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what is partnership organizations

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Sagot :

abdwivedi2004

Explanation:

A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. There are several types of partnership arrangements. In particular, in a partnership business, all partners share liabilities and profits equally, while in others, partners have limited liability

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Answer:

Partnership organization is a group of more than four people that have the job to be co-owners for a business or company.

Explanation:

A partnership is a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates.

There are three types of partnerships, not just one.

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