Corporation vs. Partnership

Corporationnoun

A body corporate, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.

Corporationnoun

(UK) The municipal governing body of a borough or city, in force since 1974 and obsolete except in the City of London.

Corporationnoun

(historical) In Fascist Italy, a joint association of employers' and workers' representatives.

Corporationnoun

A protruding belly; a paunch.

Corporationnoun

A body politic or corporate, formed and authorized by law to act as a single person, and endowed by law with the capacity of succession; a society having the capacity of transacting business as an individual.

Corporationnoun

a business firm whose articles of incorporation have been approved in some state

Corporationnoun

slang terms for a paunch

Corporation

A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e.

Partnershipnoun

The state of being associated with a partner.

Partnershipnoun

An association of two or more people to conduct a business,

Partnershipnoun

(cricket) The period when two specific batsmen are batting, from the fall of one wicket until the fall of the next; the number of runs scored during this period,

Partnershipnoun

The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state.

Partnershipnoun

A division or sharing among partners; joint possession or interest.

Partnershipnoun

An alliance or association of persons for the prosecution of an undertaking or a business on joint account; a company; a firm; a house; as, to form a partnership.

Partnershipnoun

A contract between two or more competent persons for joining together their money, goods, labor, and skill, or any or all of them, under an understanding that there shall be a communion of profit between them, and for the purpose of carrying on a legal trade, business, or adventure.

Partnershipnoun

See Fellowship, n., 6.

Partnershipnoun

the members of a business venture created by contract

Partnershipnoun

a contract between two or more persons who agree to pool talent and money and share profits or losses

Partnershipnoun

the state of being a partner or partners

Partnershipnoun

an association of two or more people as partners

Partnershipnoun

a business or firm owned and run by two or more partners

Partnershipnoun

a position as one of the partners in a business or firm

Partnershipnoun

the number of runs added by a pair of batsmen before one of them is dismissed or the innings ends

Partnership

A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations.