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general partnership
(redirected from General partners)

    Also found in: Wikipedia 0.06 sec.
General partnership
A partnership in which all participants are general partners. 
general partnership
A partnership in which each of the partners is liable for all of the firm's debts and the actions of one partner are binding on each of the other partners. Compare limited partnership.


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? Mentioned in ? References in periodicals archive
 
76 billion, papers filed by the lawyers for his general partners contend that Trump is trying to avoid the terms of his 1994 partnership deal and pressure the partners to cash Trump out before he is entitled.
Judge denies Trump's plea to freeze $1.76B by Real Estate Weekly
Subsequently, Abel Galletti and three other general partners filed petitions for bankruptcy.
The tax is assessed, not the taxpayer by Mannino, Laura Lee / Journal of Accountancy
3/23/04, the Supreme Court decided that the IRS could collect a partnership tax liability from the general partners without first assessing the tax against them.
IRS can assess partnership, but collect from partners by Lynch, Jim / The Tax Adviser
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