When you're part of a partnership, you need to know about partnership property. This is all the stuff that belongs to your partnership. It includes things you brought into the partnership at the start, and things you bought or got later for the partnership or its business.

You and your partners must use this property only for your partnership. You can't use it for your own personal things. You also need to use it in the way that you all agreed when you set up your partnership.

Remember, partnership property isn't just physical things. It can also be rights and interests in property. This means it could include things like the right to use a building, or money that people owe to your partnership.