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 relationship can take various forms, such as a general partnership, where all partners manage the business, or a limited partnership, where some partners have limited involvement. These partnerships can enhance a business's capabilities by combining different skills and expertise. For example, one partner may excel in marketing, while another may have strong financial management skills. Together, they can create a more successful and competitive business.