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What Is Partnership.???
Partnership is a business or firm owned and run by two or more partners. For example a business that has a partnership is "The Bright Idea" with Thomas Edison. He became partners with J.P. Morgan and the Vanderbilt family. That's when eventually they came up with the Edison Electric Light Co..
More Information And Examples
Each partner contributes to all aspects of the business, including money, property etc. In return each partner shares the profits and loses of the business. An example for partnership is the Warner Brothers.
The Warner Brothers are Sam, Jack, Albert and Harry. They started off distributing and producing movies, that how they began to build up Warner Bros. Studios. The Warner Brothers are major players and revolutionized the film industry.