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.
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.
Portable Document Format (PDF), standardized as ISO 32000, is a file format developed by Adobe in 1992 to present documents, including text formatting and images, in a manner independent of application software, hardware, and operating systems.
The limited partnership provides the limited partners a return on their investment (similar to a dividend), the nature and extent of which is usually defined in the partnership agreement. General Partners thus bear more economic risk than do limited partners, and in cases of financial loss, the GPs will be the ones which are personally liable.
Amy Lynn Carter, daughter of Jimmy and Rosalynn Carter, read a love letter written by her father 75 years ago during Rosalynn's tribute service in Atlanta Nov. 28.
The underappreciated link between these mundane activities is good balance, which geriatricians say is key to maintaining an independent lifestyle as we age. Lacking balance can be dangerous. In ...
Steele said she "wouldn't use an egg that I found cracked in a carton I had bought in the store," as a consumer has no idea how long it has been sitting there broken.