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general partnership
(redirected from General partners)

    Also found in: Legal, Financial, Wikipedia 0.01 sec.
general partnership
n.
A partnership in which each of the partners is liable for all of the firm's debts, and the actions of one partner are binding on each of the other partners.
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To understand the Limited Partnership Agreement, one must first understand the limited partnership Similar to the general partnership, the limited partnership consists of one or more general partners and one or more limited partners To understand the Limited Partnership Agreement, one must first understand the limited partnership.
What Are Limited Partnership Agreements? by Mark Warner / Law community
Facts: Dick and Doug are equal general partners in Corvette City, which operates an airport-based sports car rental facility.
Converting a general partnership interest into a limited partnership ... by Ellentuck, Albert B. / The Tax Adviser
Where limited partners have a substantial interest in a partnership, the general partners are deemed to be representatives of the limited partners, merely managing the partnership on their behalf.
Partnership or corporation? Meeting the IRS requirements by Brickman, Deborah S. / The National Public Accountant
 
 
 
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