Partnership Form of Organization

C1 Identify characteristics of partnerships and similar organizations.

A partnership Unincorporated association of two or more persons to pursue a business for profit as co-owners. is an unincorporated association of two or more people to pursue a business for profit as co-owners. Many businesses are organized as partnerships. They are especially common in small retail and service businesses. Many professional practitioners, including physicians, lawyers, investors, and accountants, also organize their practices as partnerships.