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A partnership is a business structure whereby 2 or more people are self-employed and in business jointly to make a profit. All individual (partners) share the business profits, costs and debts - irrespective of who incurred the debt or made the profit. Partnerships work well when each partner has different skills base or areas of expertise to bring to the business and the workload is divided up to reflect each of the partners' strengths. Collaboration is the business structure by 2 or more persons are independent professionals and business together to make a profit, all kinds of people (allies), business profits, costs and liability-regardless of the resulting debt or profitability. The cooperation works well when a faction has different skill base or an area of expertise that brings business and burden will be divided to reflect the strengths of each partner.
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