Partnership

A partnership is a business structure where two or more individuals or entities share ownership, responsibilities, and profits.

In Luxembourg, partnerships can take various forms and are governed by specific legal regulations that define partners’ liabilities and roles. This collaborative structure allows for the pooling of resources and expertise, which can be advantageous for expanding market reach and fostering innovation. Formal agreements in Luxembourg typically outline each partner’s contributions, profit-sharing ratios, and dispute-resolution methods to ensure smooth operations.