Definition of General Partnership

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TeachMeFinance.com - explain General Partnership



General Partnership -- A partnership where all partners have joint ownership. They share the profit, losses and management equally and each has personal liability for all the debts.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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