Business partners are individuals or entities that collaborate to achieve common goals in a business venture. They share resources, responsibilities, and profits, often formalized through a partnership agreement. This arrangement allows partners to leverage each other's strengths, skills, and networks to enhance the business's success. In a partnership, each partner typically contributes something valuable, such as capital, expertise, or labor. The partnership can take various forms, including general partnerships, limited partnerships, or limited liability partnerships. Effective communication and trust are essential for maintaining a healthy partnership, as they help navigate challenges and make strategic decisions together.