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* the members of a business venture created by contract * 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" * a contract between two or more persons who agree to pool talent and money and share profits or losses

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Q: What factors distinguish a partnership from a company Under what circumstances would you consider the company a better business structure than a partnership in Australia?
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