Outrageously Funny Word Dictionary :: Copartnership

👉 In the context of business, a partnership is an agreement between two or more individuals to share profits and losses in a shared venture. It involves a legal relationship where one party (the "partner") has control over the other party's assets and liabilities, while they work together towards a common goal. The partnership can be structured in various ways, such as sole proprietorship, limited liability company, or corporation.

copartnership