4.15 General Partnership—Definition
A partnership is an association of two or more persons to carry on a business as co-owners. The members of a partnership are called partners.
Download
Last updated July 13, 2026
Official websites use .gov
A
.gov website belongs to an official government
organization in the United States.
Secure .gov websites use HTTPS
A
lock (
) or https:// means you’ve safely connected to
the .gov website. Share sensitive information only on official,
secure websites.