Partnership
P`ARTNERSHIP, n. The association of two or more persons for the purpose of undertaking and prosecuting any business, particularly trade or manufactures, at their joint expense. In this case, the connection is formed by contract; each partner furnishing a part of the capital stock and being entitled to a proportional share of profit, or subject to a proportional share of loss; or one or more of the partners may furnish money or stock, and the other or others contribute their services. The duration of the partnership may be limited by the contract, or it may be left indefinite, subject to be dissolved by mutual agreement. A partnership or association of this kind is a standing or permanent company, and is denominated a firm or house. We say, A and B entered into partnership for the importation and sale of goods, or for manufacturing cotton or glass.
Partnerships may be and usually are associations of private persons, not incorporated. In other cases, the company is incorporated. Banking companies in the United States are usually incorporated, and are essentially partnerships, but do not bear that name. Manufacturing companies are also frequently incorporated.
1. Joint interest or property.
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Scriptures
Ecclesiastes 4:9-12 (NLT) Two people are better off than one, for they can help each other succeed. If one person falls, the other can reach out and help. But someone who falls alone is in real trouble. Likewise, two people lying close together can keep each other warm. But how can one be warm alone? A person standing alone can be attacked and defeated, but two can stand back-to-back and conquer. Three are even better, for a triple-braided cord is not easily broken.
2 Corinthians 6:14 Don't team up with those who are unbelievers. How can righteousness be a partner with wickedness? How can light live with darkness?
Philippians 1:5 for you have been my partners in spreading the Good News about Christ from the time you first heard it until now.
1 Corinthians 1:9 (NLT) God will do this, for he is faithful to do what he says, and he has invited you into partnership with his Son, Jesus Christ our Lord.
Philippians 4:15 - And you Philippians yourselves know that in the beginning of the gospel, when I left Macedonia, no church entered into partnership with me in giving and receiving, except you only.
Philippians 1:5 - because of your partnership in the gospel from the first day until now.
2 Corinthians 6:14 - Do not be unequally yoked with unbelievers. For what partnership has righteousness with lawlessness? Or what fellowship has light with darkness?
Hebrews 6:4 For it is impossible to keep on restoring to repentance time and again people who have once been enlightened, who have tasted the heavenly gift, who have become partners with the Holy Spirit,
Philippians 2:13 ESV For it is God who works in you, both to will and to work for his good pleasure.
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