A partnership must have two or more owners who share in the profits and losses of a business. Partnerships can form automatically without the submission of formation documents. All partnerships ...

Commissions do not affect our editors' opinions or evaluations. A partnership agreement is a legal document that dictates how a small for-profit business will operate under two or more people.

but there are instances where a business is designed to dissolve or end after reaching a specific milestone or a certain number of years. A partnership agreement should include this information ...