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Partnership |
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PartnershipTwo or more people who jointly own a business. There are two types of partners, that is, general partners and limited partners. General partners are fully responsible for the debts of the business and have unlimited liability. Limited partners are liable only to the extent of their original investment and are not allowed to participate in its management.PartnershipShared ownership among two or more individuals, some of whom may, but do not necessarily, have limited liability with respect to obligations of the group. See: General partnership, limited partnership, and master limited partnership.Partnership Similar MatchesPrivate limited partnershipPrivate limited partnershipA limited partnership with no more than 35 participants that is not registered with the SEC. Resyndication limited partnershipResyndication limited partnershipThe sale of existing properties to new limited partners, so that they can receive the tax advantages that are no longer available to the old partners. Partnership agreementPartnership agreementA written agreement among partners detailing the terms and conditions of participation in a business ownership arrangement. Limited partnershipLimited partnershipA partnership comprising a general partner and limited partners. The general partner operates the partnership and is fully liable for the debts of the firm. Limited partners receive some of the profits and have no influence in management. However their liabilities are limited to their original investment. Master limited partnership (MLP)Master limited partnership (MLP)A publicly traded limited partnership. Further SuggestionsLimited partnershipPublic limited partnership Research and development limited partnership Venture capital limited partnership Income limited partnership Equipment leasing partnership General partnership |
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