Partnership Agreements

Partnerships have an important place in Irish business life. In essence, they are the default type of business in that two or more people can carry on a business without in fact creating a company of their own. Once two or more people form a partnership, they will be subject to partnership law. Partnerships are attractive due to the fact that there are tax, accounting and disclosure advantages associated with same. Unlike a company, there are no registration requirements associated with setting up a partnership.