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