According to sba.gov (2015), A partnership (https://www.sba.gov/business-guide/launch-your-business/choose-business-structure) is a single business where two or more people share ownership.

Because partnerships entail more than one person in the decision-making process, it’s important to discuss a wide variety of issues upfront and develop a legal partnership agreement. This agreement should document how future business decisions will be made, including how the partners will divide profits, resolve disputes, change ownership (bring in new partners or buy out current partners), and how to dissolve the partnership. Although partnership agreements are not legally required, they are strongly recommended and it is considered extremely risky to operate without one.

Explain how partnerships are formed. What are the duties imposed by the law on these partners? Are there any circumstances where one partner should be liable for the activities of another partner?