Was this page helpful?
Thank you!

Comments or suggestions?



Enter Email Address (optional)
email

Partnership

An unincorporated business owned by two or more persons. Each partner owns a share of all assets and liabilities. Each partner may have invested in the partnership, and each receives a specified share of profits. Partners do not receive salaries, but they may withdraw money against their share of profits (unlike a sole proprietorship or a corporation).

KB ID# H_GLOSSARY_PARTNERSHIP
9/27/2016 8:27:11 PM
QYPPRDQBKSWS05 9138 Pro 2017 ca67eb