One of the mysteries of the English language finally explained.
See general partner
- ‘In a general partnership, all partners are equal.’
- ‘Probably the best forms of doing business are individual ownership or small general partnerships.’
- ‘The act does not apply to limited liability companies, limited partnerships, or general partnerships.’
- ‘The legal requirements for a general partnership are few.’
- ‘For tax planning purposes, a general partnership can be a useful method of diverting income from high bracket parents to their children.’
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