Partnerships
Published:
21 October 2021
Edited:
17 August 2025
Read time: 3 minutes
A partnership is formed when two or more people go into business together with a view to making profit. A partnership is limited to between two and 20 partners, although the actual limit may vary among the states and territories and occupational groups, and can be a substantial number. For instance, the limit for a partnership of architects is 100. A partnership is not an entity in the way that a proprietary company is a legal person.
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