6. Business of the partnership.

6.     Business of the partnership.

The existence of a business is essential to a partnership, and for this purpose 'business' includes every trade, occupation or profession1. The idea involved is that of joint operation for the sake of gain2. Therefore, voluntary associations for the purpose of carrying out temporary functions of a social character are not partnerships3. Instances of other associations for a common object which are not partnerships, properly so called, are clubs4, trade protection societies5 and building and other benefit societies6.

A partnership did not formerly