Traditional Culture Encyclopedia - Traditional stories - Characteristics of a partnership business?

Characteristics of a partnership business?

Characteristics of partnership are limited life, unlimited liability and mutual agency.

Partnership refers to a profit-making organization in which each partner enters into a partnership agreement, *** with the capital, *** with the business, *** to enjoy the income, *** to bear the risk, and bear unlimited joint and several liability for the debts of the enterprise. Also refers to natural persons, legal persons and other organizations in accordance with the "Chinese people's *** and the State Partnership Law" set up in China, by two or more natural persons through the conclusion of a partnership agreement, *** with the capital operating, *** negative profit and loss, *** bear the risk of enterprise organization.