general partner
partner whose responsibility for current debts is not predetermined
General partnership
In the commercial and legal parlance of most countries, a general partnership or simply a
partnership, refers to an association of persons or an unincorporated company with the following major features:Formed by two or more personsThe owners are all personally
liable for any legal actions and
debts the company may faceCreated by agreement, proof of existence and
estoppel.
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Types of companies
General partner
General Partner
One of two kinds of partners in a limited partnership. A general partner has the right to participate in the management of the partnership and has unlimited personal liability for its debts.
general partner
Eng: general partner
Urdu: عمومی حِصّہ دار ۔ وہ حِصّہ دار جو اپنی کمپنی کے واجبات بے باق کَرنے کا پُورا پُورا ذِمہ دار ہو ۔