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Warren Buffett

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Partnership

 

A partnership is a business form created by not less than two parties and is non corporate business form.  Partnership may have different forms and usually is made by contract. Most often in current days partnerships are created for some difficult projects (very often in construction) with limited life when single part cannot do it alone or it would be not efficient. Partnership is easy to create and do not requires high capital investments, but still can be some difficulties to manage it when partners disagree.






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