Search results
Results from the WOW.Com Content Network
A gōshi gaisha (合資会社) is a type of "unlimited liability" incorporation under the Companies Act of Japan, but its structure is similar to that of a limited partnership. [1] Unlike the other types of corporate structure ( gōdō gaisha and kabushiki gaisha ), there is no limit on what a general partner ( 無限責任社員 , mugen ...
By default, each general partner has an equal right to participate in the management and control of the business. Disagreements in the ordinary course of partnership business are decided by a majority of the partners, and disagreements of extraordinary matters and amendments to the partnership agreement require the consent of all partners.
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. [1]
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 ...
A limited partnership (LP) is a type of partnership with general partners who have a right to manage the business and limited partners who have no right to manage the business but have only limited liability for its debts. [1] Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability.
Business organizations originated with agency law, which permits an agent to act on behalf of a principal, in exchange for the principal assuming equal liability for the wrongful acts committed by the agent. For this reason, all partners in a typical general partnership may be held liable for the wrongs committed by one partner.
Spoilers ahead! We've warned you. We mean it. Read no further until you really want some clues or you've completely given up and want the answers ASAP. Get ready for all of today's NYT ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate