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  2. General partnership - Wikipedia

    en.wikipedia.org/wiki/General_partnership

    A general partnership, the basic form of partnership under common law, is in most countries an association of persons or an unincorporated company with the following major features: Must be created by agreement, proof of existence and estoppel .

  3. General partner - Wikipedia

    en.wikipedia.org/wiki/General_partner

    General partner is a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the partnership's debts and obligations.

  4. Partnership - Wikipedia

    en.wikipedia.org/wiki/Partnership

    The general partnership, in which all partners manage the business and are personally liable for its debts, developed under common law. General partners have an obligation of strict liability to third parties injured by the Partnership. General partners may have joint liability or joint and several liability depending upon circumstances.

  5. Partnership vs. Corporation - AOL

    www.aol.com/finance/partnership-vs-corporation...

    In a partnership, the company is owned by the general partners and, if applicable, limited partners. General partners make the call on how the daily operations run. In a corporation, the company ...

  6. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    GP (General Partnership): Either a formal structure with a partnership agreement, or an informal structure, in which case the Partnerships Act for the province will apply; LP (Limited Partnership): An investment structure, limiting both the liability and the participation of the investor.

  7. Business - Wikipedia

    en.wikipedia.org/wiki/Business

    Where two or more individuals own a business together but have failed to organize a more specialized form of vehicle, they will be treated as a general partnership. The terms of a partnership are partly governed by a partnership agreement if one is created, and partly by the law of the jurisdiction where the partnership is located.

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