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partnership
(redirected from Partnership Interests)

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
part·ner·ship  (pärtnr-shp)
n.
1. The state of being a partner.
2.
a. A legal contract entered into by two or more persons in which each agrees to furnish a part of the capital and labor for a business enterprise, and by which each shares a fixed proportion of profits and losses.
b. The persons bound by such a contract.
3. A relationship between individuals or groups that is characterized by mutual cooperation and responsibility, as for the achievement of a specified goal: Neighborhood groups formed a partnership to fight crime.

partnership [ˈpɑːtnəʃɪp]
n
1. (Law)
a.  a contractual relationship between two or more persons carrying on a joint business venture with a view to profit, each incurring liability for losses and the right to share in the profits
b.  the deed creating such a relationship
c.  the persons associated in such a relationship
2. (Law) the state or condition of being a partner

Partnership an association of two or more persons for carrying on business; the persons collectivelyWilkes.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.partnership - the members of a business venture created by contractpartnership - the members of a business venture created by contract
copartnership - a partnership in which employees get a share of the profits in addition to their wages
business, business concern, business organisation, business organization, concern - a commercial or industrial enterprise and the people who constitute it; "he bought his brother's business"; "a small mom-and-pop business"; "a racially integrated business concern"
partner - a person who is a member of a partnership
2.partnership - a cooperative relationship between people or groups who agree to share responsibility for achieving some specific goal; "effective language learning is a partnership between school, teacher and student"; "the action teams worked in partnership with the government"
human relationship, relationship - a relation between people; (`relationship' is often used where `relation' would serve, as in `the relationship between inflation and unemployment', but the preferred usage of `relationship' is for human relations or states of relatedness); "the relationship between mothers and their children"
3.partnership - a contract between two or more persons who agree to pool talent and money and share profits or losses
contract - a binding agreement between two or more persons that is enforceable by law

partnership
noun
1. cooperation, association, alliance, sharing, union, connection, participation, copartnership the partnership between Germany's banks and its businesses
2. company, firm, corporation, house, interest, society, conglomerate, cooperative As the partnership prospered, the employees shared in the benefits.
Translations
partnership [ˈpɑːtnəʃɪp]
A. N
1. (= relationship) → asociación f; (= couple) → relación f de pareja
a stable, loving partnershipuna relación de pareja estable y llena de cariño
our relationship wasn't just a marriage, it was a partnershipnuestra relación no era sólo un matrimonio sino una asociación
their partnership was based on mutual respectsu relación se basaba en el respeto mutuo
the partnership between government and industryla alianza entre el gobierno y la industria
2. (Comm) (= company) → sociedad f colectiva
to be in partnership with sbestar asociado con algn
to go or enter into partnership (with sb)asociarse(con algn)
we work in partnership with our clientstrabajamos conjuntamente con nuestros clientes
see also limited
3. (= position as partner) they've offered me a partnershipme han ofrecido hacerme socio
B. CPD partnership agreement Ncontrato m de sociedad
partnership [ˈpɑːrtnərʃɪp] n
(= relationship) → partenariat m
new forms of partnership between management and workers → de nouvelles formes de partenariat entre direction et travailleurs
the partnership between Germany's banks and its businesses → le partenariat entre les banques et les entreprises allemandes
(in firm)statut m d'associé(e)
a partnership in a firm of solicitors → un statut d'associé dans un cabinet d'avocats
to offer sb a partnership → offrir à qn de devenir associé
They've offered me a partnership → Ils m'ont offert de devenir associé.
to go into partnership → s'associer
to go into partnership with sb → s'associer avec qn
to form a partnership → s'associer
to form a partnership with sb → s'associer avec qn
part of speech npartie f du discours
partnership
n
Partnerschaft f, → Gemeinschaft f; (in sport, dancing etc) → Paar nt; we’re or we make a pretty good partnershipwir sind ein ziemlich gutes Paar; a relationship based on partnershipeine partnerschaftliche Beziehung; to do something in partnership with somebodyetw mit jdm gemeinsam or in Zusammenarbeit machen
(Comm) → Personengesellschaft f; to enter into a partnershipin eine Gesellschaft eintreten; to go into partnership with somebodymit jdm eine Personengesellschaft gründen; general partnershipoffene Handelsgesellschaft; he left the partnershiper ist aus der Gesellschaft ausgeschieden
partnership [ˈpɑːtnəʃɪp] n (gen) → associazione f (Comm) → società f inv
to take sb into partnership → prendere qn come socio/a
to go into partnership (with), form a partnership (with) → mettersi in società (con), associarsi (a)


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Second, the court held that the rationale for treating limited partnership interests as presumptively passive did not apply to LLC interests because an LLC member, unlike a limited partner, is not statutorily prohibited from participating in the entity's affairs.
The IRS contended that the Garnetts' ownership interests in the LLCs and LLPs were limited partnership interests under the second prong of the definition because Iowa law provided them with liability protection.
Benefits to the contributor can include tax deferral, portfolio diversification, and a stable return on investment, along with the right to redeem partnership interests for cash or REIT shares.
 
 
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