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Partnership Short Form
Partnership short form is used in various fields of life but most common is business. It is an arrangement between two or among more than two people or organizations. This arrangement is used for cooperation to advance their mutual interest. It may be for an organization, school, or business organization for achieving their common goals.
It is not required by any law to form any partnership. Because partners can form this with help of a mutual agreement. This can be formed in politics, individuals, business, education, etc. Partnership agreements defined the status of the partnership.
There are various types of partners available. There are also some forms of partnerships available in the world like a general partnership, limited partnership, limited liability partnership, and limited liability limited partnership.