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What is General Partnership mean?
A general partnership, the basic form of partnership under common law, is in most countries an association of persons or an unincorporated company with the following major features:
Must be created by agreement, proof of existence and estoppel.Formed by two or more personsThe owners are jointly and severally liable for any legal actions and debts the company may face, unless otherwise provided by law or in the agreement.It is a partnership in which partners share equally in both responsibility and liability.
referencePosted on 29 Oct 2024, this text provides information on Miscellaneous in Stock Exchange related to Stock Exchange. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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