Partners (business)

In business, a partner refers to an individual or entity that collaborates with one or more others to operate a business together. Partners share responsibilities, profits, and decision-making. Each partner typically contributes capital, skills, or resources and is accountable for the liabilities of the business. Partnerships can take various forms, such as general partnerships, where all partners manage the business and share profits, or limited partnerships, with some partners having limited roles and liability. Partnerships allow for shared expertise and risk but require trust and good communication among partners for success.