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general partnership

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Wikipedia 0.01 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.
general partnership

A partnership in which all partners are general partners. Contrast with limited partnership.



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The court also addressed the application of the general partnership exception in Temp.
LLCs, LLPs, and the passive loss rules by Calderilla, Cecilia / The Tax Adviser
a general partnership led by Todd Sperber, bought the Graphic Packaging plant at 1031 Redmond Road.
Industrial sale by Waldon, George / Arkansas Business
Most investment clubs choose a general partnership as their choice of a business entity.
How to Start An Investment Club ? Advantages & Disadvantages in ... by Banesh33 / Business, regional community
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