partnership

Definition of partnership in English English dictionary: the state of being associated with a partner; the period when two specific batsmen are batting - from the fall of one wicket until the fall of the next; the number of runs scored during this period; an association of two or more people to conduct a business; {n} union in trade, joint interest; A relationship between two or more entities wherein each accepts responsibility to contribute a specified, but not necessarily equal, level of effort to the achievement of a common goal The public and private sector contributing their relative strengths to protect and assure the continued operation of critical infrastructures; An alliance or association of persons for the prosecution of an undertaking or a business on joint account; a company; a firm; a house; as, to form a partnership; An association of two or more persons who co-own a business for profit; a contract between two or more persons who agree to pool talent and money and share profits or losses; A business organization in which two or more persons agree to do business together; Partnership or a partnership is a relationship in which two or more people, organizations, or countries work together as partners. the partnership between Germany's banks and its businesses. Association of two or more persons or entities that conduct a business for profit as co-owners. Except in the case of the limited liability partnership, which shares with the corporation the characteristic of being treated as a single entity whose members have limited personal liability, a partnership is traditionally viewed as an association of individuals rather than an entity with a separate and independent existence. A partnership cannot exist beyond the lives of the partners. The partners are taxed as individuals and are personally liable for torts and contractual obligations. Each is viewed as the agent of the others, and traditionally all are jointly and severally liable for the tortious acts of any partner; An association of two or more people who agree to share in the profits and losses of a business venture; See Fellowship, n; the members of a business venture created by contract; a business owned by two or more individuals, who share the profits and are jointly liable for any losses; >> An agreement between 2 or more individuals or entities to go into business or invest together Either partner may bind the other, within the scope of the partnership Each partner is liable for all the partnership's debts; A division or sharing among partners; joint possession or interest; Shared ownership among two or more individuals, some of whom may, but do not necessarily, have limited liability See: general partnership, limited partnership, and master limited partnership; A business enterprise owned and operated by two or more persons for the purpose of generating business income and profits (G); {i} association, collaboration, participation; A business owned by two or more persons that is not organized as a corporation A partnership is defined as a "relationship that subsists between persons carrying on business in common with a view to profit "; A contract between two or more people in a joint business venture who agree to pool their funds and/or talents and share in the profits and losses of the enterprise General partners are those who are responsible for the day-to-day management of activities, whose individual acts are binding on all the partners, and who are personally responsible for the partnership's total liabilities Limited partners are those who contribute only money and are not involved in management decisions and whose liability is limited to the amount of their investment; An association of two or more individuals who carry on a continuing business for profit as co-owners Under the law a partnership is regarded as a group of individuals rather than as a single entity (See general partnership, limited partnership, joint venture) Uniform Partnership ActFull Text; Non-incorporated business venture of two or more individuals or companies Profits or losses flow, directly and equally, to the partners; A syndicate, joint venture, group, or other arrangement in which two or more investors join their money and skills to carry out a business as co-owners and to earn a profit A partnership is generally treated as a flow-through (conduit) so that the partners each report their share of partnership income or loss on their personal tax returns The partnership files a Form 1065 as an information report with the IRS but doesn't pay any tax An election is available to avoid being taxed as a partnership; A contract between two or more competent persons for joining together their money, goods, labor, and skill, or any or all of them, under an understanding that there shall be a communion of profit between them, and for the purpose of carrying on a legal trade, business, or adventure; A partnership is an association of two or more persons In contrast to a corporation, a general partnership can come into existence without the need to file any formal papers with any state official The owners of a partnership are personally and fully liable for all business debts; thus, personal property could be taken to pay business debts; An association of two or more persons to carry on as co-owners of a business for profit; A business model in which two or more individuals join together to conduct business and share profit and losses Commercial insurance policies usually differentiate in the "Who Is Insured" section between corporations, partnerships, and other business models Therefore, the type of model being insured is important; A form of business ownership with two or more owners or partners who form an agreement to pool their funds and management talents and share in the profits or losses of the business entity General partners are responsible for the day-to-day operations of the business and are personally liable for the partnership's liabilities Limited partners invest capital in the business and are not involved in management decisions; An association of two or more persons formed to conduct business for mutual profit See "limited partnership "; An association of two or more individuals or organizations to carry on economic activity; A legal form of business ownership comprising two or more individuals; A form of business in which two or more persons join their money and skills in conducting the business Partnerships are treated as a conduit and are not subject to taxation Various items of partnership income, expenses, gains, and losses flow through to the individual partners and are reported on their personal income tax returns; A legal relationship existing between two or more persons contractually associated as joint principals in a business; (1) In civil law countries, a company of two or persons who co-own and manage a business and who are each liable to the full extent of their personal assets for its debts (2) In common law countries, an association of two or more persons who co-own and manage a business for profit and who are each liable to the full extent of their personal assets for its debts; A relationship between two or more people who are in business together; The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state; "A relationship that subsists between persons carrying on a business in common with a view of profit" (The Partnership Act 1890) Partners are liable for the debts and liabilities of the partnership up to the full extent of his/her assets Entering into a partnership rather than a partnering arrangement must be avoided; a contract between two or more persons who agree to pool talent and money and share profits or losses the members of a business venture created by contract; {i} consortium
partnership agreement: contract that unites two or more parties for a common purpose
partnership certificate: a certificate showing the interests of all parties in a business partnership
partnership contract: legal agreement that is made to establish a cooperative enterprise
partnership foundation: establishment of a partnership, building of a cooperative
partnership registrar: official body that deals with registering partnerships
civil partnership: A similar arrangement in other jurisdictions, including the Australian Capital Territory
civil partnership: In the United Kingdom, an arrangement granted under the Civil Partnership Act of 2004, which gives same-sex couples rights and responsibilities identical to civil marriage
domestic partnership: A legal or personal relationship between individuals who live together and share a common domestic life but are not joined in a traditional marriage or a civil union. Typically the partners in a domestic partnership enjoy at least part of the rights that the married couples have
general partnership: a business partnership in which each partner is liable for the firm's debts
limited partnership: A form of partnership similar to a general partnership, except that in addition to one or more general partners and one or more limited partners
social partnership: Market control based on a comprehensive series of negotiated agreements between business and the labour force
Transatlantic Trade and Investment Partnership: (Ahlak Bilimi) TTIP
kısaltma.
Transatlantic Trade and Investment Partnership: A trade agreement that is presently being negotiated between the European Union and the United States
public private partnership: Public-private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3
Third Generation Partnership Project: {i} 3GPP, cooperation agreement founded and made official in December 1998 between telecommunications associations (ARIB {Japan}, ETSI {Europe}, CCSA {China}, ATIS {North America} and TTA {South Korea})
business partnership: legal form of business involving one or more associates
general partnership: A partnership in which each of the partners is liable for all of the firm's debts, and the actions of one partner are binding on each of the other partners
general partnership: business union in which the partners' financial responsibility is not limited
limited partnership: business association in which the financial responsibility of some partners is limited
limited partnership: A partnership in which some of the partners have a limited liability to the firm's creditors
liquidation of a partnership: dissolution of a partnership
liquidation of the partnership: stoppage of cooperative activity and realization of its properties
partnerships: A business association consisting of two or more people
partnerships: plural of partnership
partnerships: May be in the form of STRATEGIC ALLIANCES (Added March 1998)
partnerships: Information and collaborators for earth sciencel activities
partnerships: are two or more people owning a business
partnerships: Paying Premiums Payment Of Claims
security partnership: cooperation for the sake of security
smart partnership: intelligent partnership, wise association
the partnership broke up: the team-work spirit ended; the business partners decided to go their separate ways