General Partnership

General Partnership

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In the commercial and legal parlance of most countries, a general partnership or simply a partnership, refers to an association of persons or an unincorporated company with the following major features: Created by agreement, proof of existence and estoppel. Formed by two or more persons. The owners are all personally liable for any legal actions and debts the company may face. It is a partnership in which partners share equally in both responsibility and liability. Partnerships have certain default characteristics relating to both (a) the relationship between the individual partners and (b) the relationship between the partnership and the outside world. The former can generally be overridden by agreement between the partners, whereas the latter generally cannot be.show more

Product details

  • Paperback | 84 pages
  • 152 x 229 x 5mm | 136g
  • Loc Publishing
  • United States
  • English
  • 6136696681
  • 9786136696683