Entity Theory

The entity theory is one of two theories of partnership existence. This theory holds that the partnership exists as an entity in law and not as an aggregate collection of the respective partners.

Aggregate and Entity Theories of Partnership

Aggregate and Entity Theories of Partnership

A partnership is defined as an association of two or more persons to carry on as co-owners a business for profit.  The premise is built around the notion that the combined power of the partners exceeds the sum of the value the partners could generate independently.

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