VATREG08300 - Entity to be registered: partnerships: definition
A partnership is defined in the Partnership Act 1890, section 1(1) as 바카라 사이트˜the relation which subsists between persons carrying on a business in common with a view to profit바카라 사이트™. For the purposes of the Partnership Act 1890, persons acting in partnership are collectively called 바카라 사이트˜a firm바카라 사이트™. The terms 바카라 사이트˜partnership바카라 사이트™ and 바카라 사이트˜firm바카라 사이트™ are, to all intents and purposes, interchangeable.
Basically put, a partnership is an unincorporated association (although individual partners may be corporate bodies) in which the agreement between the parties is such that the relationship
- between themselves, and
- between themselves and third parties
is governed by the Partnership Act.
It is the sum of the members that is the 바카라 사이트˜person바카라 사이트™.