A partnership is a for-profit business association of two or more parties, known as partners, who agree to cooperate for their mutual benefits. The partners in a partnership may be individuals, groups of individuals, companies, and corporations. Each partner shares the organization's profits and control of the business operation. The consequence of this profit sharing is that these partners are, jointly and independently liable for the partnership's debts. Partnership might seem a little complex to many people. We are here to help deal with all financial, accounting and taxation matters so you can focus on your business' operations.