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PARTNERSHIP

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  • Primary Partner information

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    Partnership

    A Partnership is an unincorporated organization with two or more members.  The members of a Partnership carry on a trade or business venture and divide its profits.  Partners can be individuals, corporations, trusts, estates, and other partnerships. Each partner contributes money, property, labor or skill, and expects to share in the profits and losses of the business.  The tax liability of the Partnership passes through to its partners.