copartnership Definition
- 1a partnership in which two or more parties jointly own and manage a business
- 2the state of being a partner in a business
Using copartnership: Examples
Take a moment to familiarize yourself with how "copartnership" can be used in various situations through the following examples!
Example
The company was founded as a copartnership between two friends.
Example
The copartnership agreement outlines the responsibilities of each partner.
Example
The copartnership dissolved after a disagreement over finances.
copartnership Synonyms and Antonyms
Synonyms for copartnership
Phrases with copartnership
a type of partnership in which one or more partners are only liable for the debts of the business up to the amount of their investment
Example
The business was set up as a limited copartnership to protect the personal assets of the partners.
a type of partnership in which all partners are equally responsible for the debts and obligations of the business
Example
The law firm operates as a general copartnership, with each partner sharing in the profits and losses.
a type of partnership in which one or more partners provide capital but do not participate in the management of the business
Example
The investor became a silent copartner in the startup, providing funding but leaving the day-to-day operations to the founders.
Origins of copartnership
from co- 'together' + partnership
Summary: copartnership in Brief
A 'copartnership' [kəʊˈpɑːtnəʃɪp] is a type of partnership in which two or more parties jointly own and manage a business. It can also refer to the state of being a partner in a business. Examples include 'The company was founded as a copartnership between two friends.' and 'The copartnership dissolved after a disagreement over finances.' Different types of copartnerships include limited, general, and silent copartnerships.
