We utilize a wide array of corporations, limited and
unlimited liability partnerships, trusts and other entities for the business and financial benefit of our clients.
Not exact matches
General Partner: an owner of a
partnership who has
unlimited liability and who is active in the day - to - day operations of the business.
General partner: The partner who has the responsibility to manage the business and affairs of a limited
partnership, and who has
unlimited liability.
This
unlimited liability occurs because the most common forms of business entity are sole proprietorships and general
partnerships.
This type of entity provides an alternative to a general
partnership for which the partners have
unlimited personal
liability for corporate debts.
Nothing in those documents is to be taken to indicate that Linklaters LLP or any of its limited
liability affiliated undertakings are
unlimited liability undertakings or general
partnerships.
If
partnership is an option you can choose a «traditional»
partnership with
unlimited liability for the partners or you can establish a limited
liability partnership.
Partners in a general
partnership have
unlimited joint and several
liability.
A partner in a general
partnership has
unlimited liability for the debts of the
partnership.