Can by virtue of his acts, impose tort liability upon the other partners. B. Cannot be sued individually for a tort he has committed in carrying on partnership business until the partnership has sued and a judgment returned unsatisfied. C. Has no implied authority if the partnership agreement ...
In a general partnership, partners agree to be personally responsible for potentiallyunlimited liability. Liabilities are not capped as they would be in, say, a partnership formed as a limited liability partnership or alimited liability company (LLC). Partners are responsible for the debts, and the...
From Longman Business Dictionaryˌgeneral ˈpartnership[countable]in the US, apartnershipwherepartnersareresponsiblefor the partnership’sdebtswithoutlimitup to the value of itsassetsA general partnership is the most suitable form of organization for many small businesses.→partnership ...
A General Partnership (GP) is an agreement between partners to establish and run a business together. It is one of the most commonlegal entitiesto form a business. All partners in a general partnership are responsible for the business and are subject to unlimited liability for businessdebts. Wh...
General partnersof a LP may be in the form of another person or company. 一般合夥人可由个人或公司担任. 互联网 Unless otherwise agreed to in the partnership agreement, a loss ofgeneral partnersdissolves the partnership. 除合伙协定另有规定外, 缺乏普通合伙人会导致合伙企业解散. ...
Pass-through entities: Partners in a general partnership pay taxes on profits at the personal level. Compare this with corporations, in which profits are doubly taxed—first at the corporate level and then at the owners’ personal level. Usually equal: Partners in a general partnership take on...
General Partner 普通合伙人，Managing Partner 管理合伙人。重点词汇：1、general 英 [ˈdʒenrəl] 美 [ˈdʒenrəl]adj.全体的;普遍的;总的;正常的;一般的;常规的;概括性的;大体的;笼统的。n.将军;(陆军、海军陆战队或美国空军)上将。2、Managing 英 [&...
The meaning of GENERAL PARTNER is a partner whose liability for partnership debts and obligations is unlimited.
美 英 un.普通合伙人 网络普通合夥人;一般合伙人;合伙人们 英汉 网络释义 un. 1. 普通合伙人 例句 更多例句筛选
Limited partners are often called silent partners. A limited partner invests money in exchange for shares in the partnership but has restricted voting power on company business and no day-to-day involvement in the business. 例句1 Although state laws vary, a limited partner doesn’t generally ...