Someone posted 2 questions late last night. One of them is: WHAT IS PARTNERSHIP (in accounting term)? A PARTNERSHIP is a type of 'business' entity in which partners share with each other the profits or losses of the business undertaking in which all have invested. A PARTNERSHIP is a nominate CONTRACT between individuals who, in a spirit of cooperation, agree to carry on an 'enterprise'; contribute to it by combining property, knowledge or activities; and share its profits. Partners may have a PARTNERSHIP agreement, or declaration.
1. TRUST your partner that he/she won't 'betray/destroy' the business.
2. ACCEPT your partner's as who he/she is.
3. TOGETHER the partners work and hold on to each other whenever things happen.
I think the above are the main CORE conditions before entering into a PARTNERSHIP, whether it is a 'business' partnership or 'human' partnership.
I hope I get these right. Thanks for making me understand it. I guess the second question is no longer important if I got the first one right. :)
4 comments:
wah, this is like following some soap opera on redifussion. so, is it back on?
There are many types of alliances, partnership is one of them only. Two parties can work well together in many different forms. It's about strategic decision making... stay cool little bro...
if only..."partnerships" were so simple...
but knowing that someone is going thru the same thing i am is somewhat comforting....
thanks
I guess it takes a failure/ downfall for one to realise the potentials and opportunities present. Apart from that new-age positive thinking bruahaha I just spewed out,...good luck dear! Take it easy, take care.
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