“Societas in its widest acceptation denotes two or more persons who unite or combine for the prosecution of a common object; in its more restricted sense it denotes a mercantile partnership …, the individual members being termed Socii.” William Ramsay, A Manual of Roman Antiquities 316 (Rodolfo Lanciani ed., 15th ed. 1894).
societas
societas (s[schwa]-sI-[schwa]-tas), n. [Latin] Roman law. A partnership between two or more people agreeing to share profits and losses; a partnership contract.