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Terms Used In South Carolina Code 33-41-1000

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Nothing in §§ 33-41-970 to 33-41-990 shall affect the liability under § 33-41-380 of any person who after dissolution represents himself or consents to another representing him as partner in a partnership engaged in carrying on business.