Partnership is a kind of business which is started by 2 or more people. Partnership is a kind of business in which the 2 or more people employ their capital to start a business by which they aim to earn profit. Like other types of businesses the partnership also has advantages and disadvantages. Most of the people in the world tend to start partnerships with their families members and friends. Partnerships are usually formed by people who have a mutual aim. The most common form of partnership is found in professionals.