Get Started. It's Free
or sign up with your email address
DEFINITION OF PARTNERSHIP by Mind Map: DEFINITION OF PARTNERSHIP

1. Business

1.1. repeated commercial activities

2. IN COMMON

2.1. Business carried BY or ON BEHALF of ALL partners

2.2. participation of partners

3. WITH VIEW OF PROFIT

3.1. intention to make profit

4. Relations

4.1. existence of agreement

5. Persons

5.1. more than 1 person

5.2. Ordinary: 2 - 2-

5.3. Professional: 2 - Unlimited

5.4. ISSUE: Ordinary Partnership exceeds 20?