The best replacement for partnership is corporation.

The best alternatives to partnership are rated as following:
★★★★★  corporation
★★★★★  llc
★★★  sole proprietorship
★★★  joint venture
★★★  s corp
★★★  limited partnership
★★  company
★  limited company
★  collaboration
★  llp
★  incorporation
★  marriage
  sole trader
  alliance
  limited liability company
  limited liability partnership
  llc which is better
  llc taxes
  sole proprietor
  general partnership
  relationship
  membership
  sponsorship
  private limited company
  proprietorship
  disregarded entity
  s-corp
  s-corporation
  strategic alliance
  multi member llc
  trust
  subchapter s corp
  tenants in common
  s corporation
  co-ownership
  franchise
  incorporate
  civil union
  corporations

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Speaking about partnership, one probably shouldn't forget about llc.

Other search terms related to partnership and their ratings are:
★★★★★ llc
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Google Trends

Scale is based on the average worldwide traffic of partnership in all years. Click on graph for more.
partnership
corporation
llc