A partnership is a business relationship between two or more persons,but not all business relationships between two or more persons are partnerships.

Question

Quizplus · Accepted Answer

This statement is true. While all partnerships involve a business relationship between two or more persons, not all business relationships between two or more persons involve a partnership. For example, a corporation may have multiple shareholders who each own a portion of the company, but this does not necessarily make them partners in a legal sense.

A Partnership Is a Business Relationship Between Two or More