Partnership is the relationship between two or more person who have agreed to share profit of a business carried on by all or any one of them acting for all .

1.It is a relationship .(contractual)
2.Between two or more person . (Natural person)
3.Agreement to share profit .(As well as loss)
4.Of a business .
5.The business to be carried on by all or any one of them acting .

Who can be a partner ?
1.A person .(Natural)
2.A person of major age .
3.A person of sound mind .
4.A person who is solvent .
5.A person who is qualified .

Who can’t be ?
1.An artificial person .
2.Minoer .
3.Unsound mind or insane .
4.Insolvent .
5.Disqualified person .
6.Foreign alien .
7.Women.