general partnership in English

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

Use "general partnership" in a sentence

Below are sample sentences containing the word "general partnership" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "general partnership", or refer to the context using the word "general partnership" in the English Dictionary.

1. More expensive to create than general partnership.

2. Martin has taken him into general partnership in his company.

3. Limited partnership is a form of partnership, like general partnership.

4. China adopts general partnership system and Taiwan employs the CPA corporation system.

5. In a general partnership, each partner has responsibilities similar to those of a sole proprietor.

6. Considerations . Like a general partnership, a limited partnership is not treated as a separate taxable entity.

7. Article 59 A specialized general partnership shall set up a fund against malpractice risks and purchase professional liability insurance.

8. For purposes of this Article XV, the term “Permitted Assignee” shall mean (a) a corporation in which Buyer owns or controls at least 51% of the stock entitled to vote for directors, (b) a general partnership in which Buyer is a general partner owning at least 51% of the total partnership interests therein, (c) a limited partnership in which Buyer (or an entity that