Ads
related to: what is a general partnershipsrocketlawyer.com has been visited by 100K+ users in the past month
- Ask A Lawyer
Get Legal Advice in Minutes. Real
Lawyers. Real Answers. Right Now.
- Business Formations
Protect Your Assets.
Make Your New Venture Official.
- Ask A Lawyer
lawdepot.com has been visited by 100K+ users in the past month
A+ Highest Rating - Better Business Bureau
dochub.com has been visited by 100K+ users in the past month
Search results
Results from the WOW.Com Content Network
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.
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.
In case the general partner is a limited company, the legal form of the general partner, followed by "& Compagnie" (shortened to & Co.), must be included in the name of the company, resulting in combined legal forms such as: GmbH & Co. KG: the general partner is a GmbH; AG & Co. KG: the general partner is an AG
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 ...
The limited partnership (LP) is a partnership in which general partners manage the partnership's operations, and limited partners forego the right to manage the business in exchange for limited liability for the partnership debts. The liability of limited partners is limited to their investment in the partnership.
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.
Ads
related to: what is a general partnershipsrocketlawyer.com has been visited by 100K+ users in the past month
lawdepot.com has been visited by 100K+ users in the past month
A+ Highest Rating - Better Business Bureau
dochub.com has been visited by 100K+ users in the past month