family partnership

Definition of "family partnership"
  1. This involves a business entity where the partners all belong to the same family
How to use "family partnership" in a sentence
  1. Their family partnership in the restaurant business has lasted for generations.
  2. A family partnership was formed to ensure the smooth running of their inherited property.
  3. They decided to convert their family's farm into a family partnership to divide responsibilities evenly.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z