it is an association of two or more person who act as co-owners of a business. Each partner contributes money, property or service to their organization. Most partnerships have two partners. They are usually engaged in accounting, law, advertising, real estate and retailing. there are two type of partners: general partners and limited partners. the liability of a general partners extends up to his personal properties while a limited partner is only liable to the extent of his contribution to business. In our country, we have also the capitalist partner and the industrial partner.