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What is seperate legal entity |
| Answer» A type of\xa0business\xa0organization\xa0in which two or more individuals\xa0pool\xa0money, skills, and other resources, and\xa0share\xa0profit\xa0and loss in accordance with terms of the\xa0partnership agreement. In absence of such\xa0agreement, a partnership is assumed to\xa0exit\xa0where the participants in an\xa0enterprise\xa0agree to share the\xa0associated\xa0risks and rewards proportionately . | |