General partnership

business union in which the partners' financial responsibility is not limited

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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This is a list of types of companies, i.e. legal forms such as the corporation.
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A partnership in which all partners are general partners .