Partnerships have a long history; they were already in use in medieval times in Europe and in the Middle East. According to a 2006 article, the first partnership was implemented in 1383 by 展开

Partner compensation will often be defined by the terms of a partnership agreement. Partners who work for the partnership may receive compensation for their labor before any division of profits between partners.
Equity vs. salaried partners 展开

At common law, members of a business partnership are personally liable for the debts and obligations of the partnership. Forms of partnership have evolved that may limit a partner's liability. 展开

• Media related to Partnerships at Wikimedia Commons
• Chisholm, Hugh, ed. (1911). "Partnership" . Encyclopædia Britannica. Vol. 20 (11th ed.). Cambridge University Press. pp. 872–876. 展开

To come into being, every partnership necessarily involves a partnership agreement, even if it has not been reduced to writing. In common law jurisdictions, a written … 展开

Partnerships recognized by a government body may enjoy special benefits from taxation policy. Among developed countries, for example, business partnerships are often favored over corporations in taxation policy, since dividend taxes 展开

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