A partnership is an arrangement where two or more parties to manage and operate a business and share its profits. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations.

Benefits of a Partnership

Partnership is very vast & important subjects for every business. There are some Features of partnerships, Types of Partners, strategies for partnerships, also there are a number of ways to finance a business and a range of lenders and investors to choose from when a business owner is making financing decisions. But partnership is a only way to provide fund with man power. Here some of the benefits of partnerships is 1. Funds, 2. & supports, 3. Formation/Contract, 4. Continuity 5. Mutual Understanding, 6. Gap fullfilments.

Partnership is like a wedding, thats why it is very important decision in business. There are so many proven stragegy for partnership. Companies & Individual propriotary businesses regularly seek partners with complementary capabilities to gain access to new markets and channels, share intellectual property or infrastructure, or reduce risk. The more complex the business environment becomes for instance, as new technologies emerge or as innovation cycles get faster the more such relationships make sense. And the better companies get at managing individual relationships, the more likely it is that they will become “partners of choice” and able to build entire portfolios of practical and value creating in partnerships.
It seems obvious that partners in business would strive to find common ground from the start—particularly in the case of large joint ventures in which each side has a big financial stake, or in partnerships in which there are extreme differences in cultures, communications, and expectations. Tnats why partnership deed is very necessory.