Definition
A partnership is a business arrangement where two or more individuals or entities share ownership and responsibilities for the operations and profits of a business.
Related Services
Legal services, business consulting, and financial advisory services help businesses establish partnerships, create agreements, and manage partner relationships.
Problem and Application
While partnerships offer shared resources and expertise, they also require trust and clear communication to avoid conflicts and misaligned goals.
Conclusion
Partnerships can drive growth and innovation by pooling resources, but clear agreements and strong communication are crucial for success.
