Partnership in United Kingdom
Liability and Rights in Respect of Outsiders in the Partnership: Where a partner acts on his own account
Refine your research by picking one of the following subsections:
The partnership and the company contrasted
Relations Between the Partners: The management of the partnership
Companies and (ordinary) partnerships compared
Brief Introduction to Partnership in Partnership Law
is a means of running a business where two or more people work together and do not incorporate the business to form a limited company. Partnership can either be expressly formed by agreement or can come about when two or more poeple start working together and sharing the income and expense. There are three types of partnerships – general partnerships under the 1890 Partnership Act, Limited Partnerships under the 1907 Limited Partnership Act and Limited Liability Partnerships under the 2000 Limietd Liability Partnership Act.
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