Partnerships

ALSO CALLED: Alliances, Partnering, IT Channel Partners, Channel Partners, Business Alliances, 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 technology, a partnership can indicate a relationship that extends beyond monetary considerations. For instance, one  … 
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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.
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