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| Business of Information Technology > Business Processes > Business Development > |
Partnerships
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ALSO CALLED: Alliances, Partnering, IT Channel Partners, Channel Partners, Business Alliances, and Business Partnerships
DEFINITION: A partner is a member in a partnership, an entity in which both the profits or losses of a business or other venture are shared between all members. Corporations favor partnerships because of a taxation structure that eliminates dividend taxes upon the profits of owners. In information
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Posted: 11 Sep 2005 | Premiered: Available On Demand
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PARTNERSHIPS DEFINITION (continued): … A partner is a member in a partnership, an entity in which both the profits or losses of a business or other venture are shared between all members. Corporations favor partnerships because of a taxation structure that eliminates dividend taxes upon the profits of owners. In information technology, a partnership can indicate a relationship that extends beyond monetary considerations. For instance, one software maker might agree to integrate another company's product or service into their products or agree to support a common standard or protocol. Other partners may be aligned together for expressly non-profit goals, like sharing internal resources for disaster recovery, open source software development or digital education initiatives. Partnerships definition sponsored by SearchITChannel.com, powered by WhatIs.com an online computer dictionary
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