A partnership is an arrangement where partles,known as business partners,agree to cooperate to advance their mutual interests.The partners in a partnership may be individuals,businesses,interest-based organizations,school,governments or combinations.
There are several types of partnership arrangements in particular,in a partnership business,all partners share ilabilities and profits equally,while in others,partners have limited liability.
And partnership it is associating with other bussiness company to improve your product and to be well known in other places.