partner definition
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partner partner definition: The definition of a partner is a person who takes part in an activity or business with others or one of two people who are in a relationship. (noun) An example of a partner is someone who owns a business with another. An example ...
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colleague colleague (third-person singular simple present colleagues, present participle colleaguing, simple past and past participle colleagued) 1  To unite or associate with another or with others.
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partner partner. 1  a person who takes part in some activity in common with another or others; associate; specif., one of two or more persons engaged in the same business enterprise and sharing its profits and risks: each is an agent for the other or others and is liable, except when limited to his or her own investment, for the debts of the firm.
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comrade Comrade definition, a person who shares in one's activities, occupation, etc.; companion, associate, or friend. See more.
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Oxford Dictionary to Change Definition of Marriage to Include Gays The term marriage is currently defined by OxfordDictionaries.com as a formal union of a man and a woman, typically as recognized by law, by which they become husband and wife.. It further noted, however, that it is (in some jurisdictions) a union between partners of the same sex..
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- partnership(Noun) the state of being associated with a partner. partnership(Noun) an association of two or more people to conduct a business. partnership(Noun) the period when two specific batsmen are batting - from the fall of one wicket until the fall of the next; the number of runs scored during this period.
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Definitions &Translations Princeton's WordNet(5.00 / 1 vote)Rate this definition: 1  mate, first mate(noun) the officer below the master on a commercial ship. 2  teammate, mate(noun) a fellow member of a team. 3  mate(noun) the partner of an animal (especially a sexual partner) he loved the mare and all her mates; camels hate leaving their mates.
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Types of Partners in a Business Partnership In contrast to a general partner, a limited partner is a partner in a partnership who has a share of ownership but who takes no part in managing the partnership. A limited partner is not liable for any amount greater than his or her original investment in the partnership.
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dissociation The legal definition of a partnership is generally stated as an association of two or more persons to carry on as co-owners a business for profit (Revised Uniform Partnership Act § 101 [1994]).Early English mercantile courts recognized a business form known as the societas.
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- Examples of partner in a Sentence. 1  His partner, his wife of 20 years, was shocked to hear about his accident. 2  They are partners in the real estate business. 3  Singapore's most important trading partner is Indonesia. 4  She was a senior partner at the Wall Street firm. 5  We were each assigned a partner for the project.
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partnership Definition of partnership. 3 : a relationship resembling a legal partnership and usually involving close cooperation between parties having specified and joint rights and responsibilities The band has maintained a successful partnership for 10 years.
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- companion (plural companions) A friend, acquaintance, or partner; someone with whom one spends time or keeps company His dog has been his trusted companion for the last five years. Shakespeare Here are your sons again; and I must lose / Two of the sweetest companions in the world. (dated) A person employed to accompany or travel with another.
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"What does it mean to ""make partner"" in a firm such as a law firm or brokerage firm?" Report Abuse. Law firms and similar organizations are often formed as partnerships. http://en.wikipedia.org/wiki/Limited_lia... To make partner, this normally means that a person is given or allowed to buy an ownership in the entity that is their current employer.This effectively makes them one of the owners of the business.Some organizations offer partner level positions that only offer a form of profit sharing and not equity in the business.o make partner, this normally means that a person is given or allowed to buy an ownership in the entity that is their current employer. This effectively makes them one of the owners of the business.
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Types of Partners in a Business Partnership In contrast to a limited partner, a general partner takes part in the daily operations of the partnership and is personally responsible for the liabilities of the partnership. Limited partners are sometimes called sleeping partners, because they contribute but don't do anything on a day-to-day basis.
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Partnerships A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the business. A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax. Instead, it passes through any profits or losses to its partners.
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What is a 'Partnership' A partnership is a formal arrangement in which two or more parties cooperate to manage and operate a business. Various partnership arrangements are possible: all partners might share liabilities and profits equally, or some partners may have limited liability. Not every partner is necessarily involved in the management and day-to-day operations of the venture, such as in the case of a silent partner. In some jurisdictions, partnerships enjoy favorable tax treatment relative to corporations.
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comrade (ˈkɒm ræd, -rɪd) n. 1. a person who shares in one's activities, occupation, etc.; companion, associate, or friend. 2. a fellow member of a fraternal group, political party, etc. 3. (often cap.) a Communist or fellow Communist.
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- Definition of comrade. 1  1a : an intimate friend or associate : companion “ … reflecting upon all my comrades that were drowned … ” — Daniel Defoeb : a fellow soldier comrades in battle. 2  2 [from its use as a form of address by communists] : communist.
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Partnership A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests.hus, each partner is ‘agent’ of all the remaining partners. Hence, partners are ‘mutual agents’. Section 18 of the Partnership Act, 1932 says Subject to the provisions of this Act, a partner is the agent of the firm for the purpose of the business of the firm. 5) Oral or Written Agreements.
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Overview of Businesses and Partnerships General Partnership. A general partnership is a business owned by two or more people, who share in the prof­its or losses. A legal definition of a partnership is: a voluntary association of two or more persons to carry on, as co-owners, a business for profit. Limited Partnership. A limited partnership is a special kind of partnership, in which there are two classes of partners. One class is that of general partners.
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The Advantages of Having an Associate Partner in Business Associate Partner. In most instances, an associate partner will be different from a general partner. An associate partner may be an equity or a non-equity partner and may take part in the management of the company, or he may not, depending on how you structure the partnership.
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partner partner. n. 1) one of the co-owners and investors in a partnership which is an on-going business enterprise entered into for profit.
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PARTNERSHIP In a limited partnership, one or more partners are general partners, and one or more are limited partners. General partners are personally liable for the business's debts and judgments against the business; they can also be directly involved in the management.n a limited partnership, one or more partners are general partners, and one or more are limited partners. General partners are personally liable for the business's debts and judgments against the business; they can also be directly involved in the management.
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- Definitions and Synonyms of partner in crime | Another word for partner in crime | What is partner in crime? Definition 1: someone who assists in a plot - [noun denoting person] Synonyms for partner in crime in the sense of this definition
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Common-Law Partner / Common-Law Spouse Common-Law Partner / Common-Law Spouse. For purposes of the Income Tax Act, a common-law partner is a person (of the same or opposite sex) who lives with the taxpayer in a conjugal (marriage-like) relationship, and. (a) has so cohabited throughout the 12-month period that ends at that time, or.
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How to Start a Business with a Partner Taking on business partners should be reserved for when a partnership is critical to success — say, when the prospective partner has financial resources, connections or vital skills you lack. You may be better off hiring the other person as an employee or an independent contractor.or instance, it can state that the other partner must buy him or her out for a prenegotiated percentage of the business’s value. If neither partner wants to continue the business, partners can also liquidate and divide all assets.