Partnership
DataModel:CDQ/Business Partner/Legal Form/Legal Form Category/LF146
| Property | Value |
|---|---|
| A technical identifier, unique in a certain context. Technical key | LF146
|
| Language-specific name. Monolingual name | Partnership (en) |
| Language-specific short name. Monolingual short name | Partnership (en) |
| Informal and comprehensive human-readable definition of a concept. Description | A legal form of business where two or more individuals or entities join forces to carry out a business venture. Partners share in the profits, losses, and decision-making of the partnership based on the terms outlined in a partnership agreement. Partnerships can be formed with varying degrees of liability and management structures, such as general partnerships or limited partnerships. |