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It is a relatively common business structure in Australia, and can be contrasted to other common business structures such as a sole trader, a company or a trust.
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40+ FREE Partnership Agreement Templates (Business, General)
40+ FREE Partnership Agreement Templates (Business, General)
It is a business structure that involves two or more general partners who have formed a business for profit. Though it doesn't always have to be in a written format, it's best to document the agreement in the event of a dispute. As a partnership, each member has a share in the business assets, profits, and losses.
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