General partner

This is an old revision of this page, as edited by EdBot (talk | contribs) at 19:50, April 23, 2008. It may differ significantly from current revision.

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.