The characteristics of a business partnership, explained by our small business accountants in Zetland
Our small business accountants in Zetland define a partnership as when there are two or more people coming together to form a business with a common view of creating profits. Overall a partnership combines capital, talent and experience, including assets and liabilities. Below our business accountants in Sydney have detailed the characteristics of a partnership and the essential elements involved.
Characteristics of a Partnership
Elements of a Partnership Agreement
• Amount of equity invested by each partner
For more information regarding the characteristics of a business partnership, please contact our small business accountants in Zetland.