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2. General partnership - Wikipedia

   en.wikipedia.org/wiki/General_partnership

   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.

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 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.

5. List of legal entity types by country - Wikipedia

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

   A partnership is a business relationship entered into by a formal agreement between two or more persons or corporations carrying on a business in common. The capital for a partnership is provided by the partners who are liable for the total debts of the firms and who share the profits and losses of the business concern according to the terms of ...

6. 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.

7. Limited partnership - Wikipedia

   en.wikipedia.org/wiki/Limited_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.

8. Partner (business rank) - Wikipedia

   en.wikipedia.org/wiki/Partner_(business_rank)

   A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position, traditionally indicating co-ownership of a partnership in which the partners were entitled to a share of the profits as "equity partners". The title can also be used in corporate entities where equity is held by shareholders.

9. 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