Partnership Law Act 2019

Nature of partnership - Meaning of partnership and firm name

8: Definition of partnership

You could also call this:

"What is a partnership in business?"

A partnership is when two or more people work together in a business to make money. This is what the law calls a partnership.

Remember, there's another part of the law (section 9) that might change or add to this definition. You need to look at that section too to fully understand what a partnership is.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS205985.


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"Explaining special words used in the partnership law"


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9: Relationships that are not partnerships, or

"Some groups are not partnerships, like companies or clubs"

Part 2Nature of partnership
Meaning of partnership and firm name

8Definition of partnership

  1. Partnership is the relationship that exists between persons carrying on a business in common with a view to profit.

  2. This section is subject to section 9.

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