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348 bytes added , 03:12, November 19, 2007

New page: A '''general partner''' is a person who, along with at least one other partner, owns and operates a business for profit '''and''' is personally liable for the debts and obligations of the ...

A '''general partner''' is a person who, along with at least one other partner, owns and operates a business for profit '''and''' is personally liable for the debts and obligations of the business, in contrast with an owner of a [[corporation]].

A '''general partner''' can also legally bind the business with his actions.
[[category:legal terms]]

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Revision as of 03:12, November 19, 2007

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