The simple answer to that is no. The partnership is merely collaboration between two or more people in a business where the liabilities and the profits are shared. A partnership does not protect the partners from liability. In fact, you can be liable for the acts of your partner. Furthermore, it is best to have a written partnership agreement so that there is no dispute or misunderstanding between the partners down the line. It would be best to consult with a lawyer in the creation of a partnership.