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An office sharing agreement (OSA) allows two or more parties who share similar goals and values to work together under one roof. A business partnership is a formal agreement between two parties operating and managing a company and share in its profits or losses.While each purchase will not require an accounting of partnership interest, reimbursement to the Page 3 payor, based on share, will be resolved every 30 days. A general partnership can be quite informal. All it takes is a shared interest, perhaps a written contract (though not necessarily), and a handshake. "A partnership allows the partners to share profits and losses and make decisions together within the business structure. As stated above, partners have to agree on a common strategy based on shared (= unanimously accepted) results of analyses. Read Section 61H1-26. 001 - Form of Practice and Name-Shared Office Space, Fla. It's provided to partners in a business partnership to report their share of a partnership's profits, losses, deductions and credits to the IRS.