MANAGEMENT

Detailed explanation-1: -A partnership is a legal arrangement that allows two or more people to share responsibility for a business. Those partners share the ownership and profits, but they also share the work, responsibility, and potential losses.

Detailed explanation-2: -A partnership (or general partnership) is a business owned jointly by two or more people.

Detailed explanation-3: -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.

Detailed explanation-4: -A partnership is a business where two or more individuals operate the company as co-owners.

Detailed explanation-5: -The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a business structure allowed by state statute.