Difference between revisions of "General partner"
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(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 ...) |
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Revision as of 03:12, November 19, 2007
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.