It is possible to be in partnership with someone else without knowing it, simply by getting into
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It is possible to be in partnership with someone else without knowing it, simply by getting into some sort of cooperative business venture. The burdens associated with partnership, especially unlimited liability for a partner’s actions, can be very onerous. Discuss whether people should ever have partnership imposed on them i or whether this relationship should be limited to those situations where there is a clear understanding between the parties to create such a partnership relationship.
PartnershipA legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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