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Definition of General Partnership


   

Definition:

A partnership that is a joint venture in which each general partner shares in the administration, profits and losses of the operation.

Related Terms:

Corporation
Partnership (LLC)
Sole Proprietor

Related Information:

The Legal Requirements for Starting a Business
How to Form a Business Partnership

Related Books:

The Partnership Book: How to Write A Partnership Agreement
The Partnering Imperative
Books about Legal Issues in a Small Business

 

 

 

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