What's a partnership?02 December 2014
A partnership is a business where two or more people own a business, work together and share the profits or losses on an agreed basis. There are no legal requirements to set up a partnership, but you should consider a formal written contract. A partnership can employ other people on a part-time, full-time or freelance basis. However, the partnership element is limited to the owners of the business. Watch our video to find out more.