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Definition: Business Partnership

Written by Wikipedia

Topic: Business Start-upPublished April 11, 2008
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A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business undertaking in which all have invested. Partnerships are often favored over corporations for taxation purposes, as the partnership structure does not generally incur a tax on profits before it is distributed to the partners (i.e. there is no dividend tax levied). However, depending on the partnership structure and the jurisdiction in which it operates, owners of a partnership may be exposed to greater personal liability than they would as shareholders of a corporation.nnWikipedia, the free encyclopedia © 2001-2006 Wikipedia Contributors (Disclaimer)This article is licensed under the GNU Free Documentation License.)

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About the Author

This definition is part of a series that covers the topic of Business Start-Up. The Official Guide to Business Start-Up is Dr. Mary Waters. Dr. Mary E. Waters is an author, speaker, business consultant. She is the author of “Easy Business for Women with Little or No Money.” She strives on helping people to start their own business with little or no money. For many years, she has been helping people make their dreams of becoming a successful business owner come true! Easy Business for Women with Little or No Money, Author: Dr. M. E. Waters, Release Date: Feb 20, 2006, ISBN: 0759605963, ISBN: 9780759605961, ISBN: 9780759605978, Mail to: tina@mail.org, http://www.waienterprises.com http://www.drmewaters.com Additional Resources covering Business Start-Up can be found at: Website Directory for Business Start-Up Articles on Business Start-Up Products for Business Start-Up Discussion Board Dr. Mary E. Waters, the Official Guide To Business Start-Up

Further reading

Further Reading

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