What Is a Business Partner? Definition & Meaning

What Is a Business Partner?

A business partner is an individual or entity that collaborates with another in a business venture, sharing responsibilities, risks, and profits. The business partner definition can vary, but it generally refers to someone who contributes capital, expertise, or resources to help run and grow a business. 

What Is the Role of a Business Partner?

The role of a business partner depends on the type of partnership and the agreement between parties. A business partner may handle management, funding, networking, or specialized tasks to drive the company’s success while sharing the risks and rewards of the venture.