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A guide to operating a business as a partnership

Running a business with a business partner can be a great way to pool your resources, knowledge, and experience. A partnership basically means that the business is owned and run by two or more people.

They share the responsibility and the profits according to the percentage of the business that they own.

Like any business structure, there are advantages and disadvantages to operating as a partnership. Download our guide to business partnerships to learn more about the rules and responsibilities.


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The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

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VAT Returns

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