A partnership is a type of business where two or more persons enter into a legal agreement to be co-owners, share in the organization's profits or losses, and divide the duties for managing it. The partnership between the partners is based on the agreement (accord). Such an arrangement is in writing. A verbal contract is legally binding. It is generally advisable for the partners to have a copy of the written agreement in order to prevent disputes. Your business will receive Partnership approval and Company Registration from us.