A business partnership featuring two or more partners in which each partner is liable for any debts taken on by the business. Because the partners do not enjoy limited liability, all the partners' assets can be involved in an insolvency case against the company.
Related information about general partnership:
- General partnership - Wikipedia, the free encyclopedia
In the commercial and legal parlance of most countries, a general partnership ( the basic form of partnership under common law), refers to an association of ...
- General Partnerships
A general partnership is a business entity that is made up of two or more entities to carry on a trade or business. Each partner contributes money, property, labor, ...
- General Partnership
The general partnership as a business legal structure. Covers taxation, liability, and risk and control...
- Partnership | SBA.gov
Joint Ventures act as general partnership, but for only a limited period of time or for a single project. Partners in a joint venture can be recognized as an ongoing ...
- Features of General Partnership
A general partnership is the single most dangerous form for conducting one's business due to unlimited personal liability.
- General partnership - Financial Dictionary - The Free Dictionary
A partnership in which all participants are general partners. General Partnership. A business structure in which two or more persons share in the ownership and ...
- general partnership - Legal Dictionary - The Free Dictionary
general partner n. 1) usually one of the owners and operators of a partnership, which is a joint business entered into for profit, in which responsibility for ...
- General Partnership Definition | Investopedia
A arrangement by which partners conducting a business jointly have unlimited liability, which means their personal assets are liable to the partnership's ...