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A business organization in which two or more individuals manage and operate the business.

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A partnership is a type of business entity in which two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates. Partnerships have different forms such as general partnerships, limited partnerships, and limited liability partnerships, each with varying degrees of liability for the partners. This form of business allows for shared decision-making and responsibility, pooling of resources and expertise, and shared risk.
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