Quote from: Danijel Habek on April 07, 2013, 08:28:29 PM

Partnership

Quote from: DiabloD3 on October 20, 2012, 11:10:45 PM

Refers to a legal structure for a business of two or more individuals; called a general partnership when used without a qualifier such as "limited" or "limited liability." Each owner (partner) is personally liable for all debts of the business, and each partner claims a share of the the business's income or losses on the partner's individual tax return. To form a partnership, each partner normally contributes money, property, or labor in exchange for an ownership interest in the partnership. Most partnerships are created by a formal written partnership agreement, although they may be based on an oral agreement or just a handshake. See also: limited partnership, limited liability partnership (LLP)

Yolocoin said that, not me, he was quoting out of a legal dictionary.

https://bitcointalk.org/index.php?topic=114442.msg1286663#msg1286663