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  2. General partnership - Wikipedia

    en.wikipedia.org/wiki/General_partnership

    Each general partner is deemed the agent of the partnership. Therefore, if that partner is apparently carrying on partnership business, all general partners can be held out as partners for his dealings with third persons. By default a partnership will terminate upon the death, disability, or even withdrawal of any one partner.

  3. Partnership vs. Corporation - AOL

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

    Reserved for certain business types (such as medical practices or law firms) and protect partners’ personal assets All partnerships function as pass-through entities in the eyes of the IRS.

  4. 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.

  5. 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.

  6. List of legal entity types by country - Wikipedia

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

    As with the KG, the legal form of the general partner, followed by "& Compagnie" (shortened to & Co.), must be included if it is another limited company, resulting in combined legal forms such as: GmbH & Co. KGaA: the general partner is a GmbH; AG & Co. KGaA: the general partner is an AG; SE & Co. KGaA: the general partner is a societas Europaea

  7. Does domestic partnership affect your California taxes? Here ...

    www.aol.com/does-domestic-partnership-affect...

    Some cities allow partnerships in states without laws on the books. Phoenix, Arizona , for example, allows unmarried people to register for a domestic partnership, but only grants visiting rights ...

  8. Incorporation (business) - Wikipedia

    en.wikipedia.org/wiki/Incorporation_(business)

    There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal

  9. Pros and cons of business acquisition loans - AOL

    www.aol.com/finance/pros-cons-business...

    Type of business acquisition loan. Description. SBA 7(a) loan. A government-backed loan designed to help businesses that don’t qualify for conventional business loans, offering low interest ...

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