Discover what a general partnership is, its key features, unlimited liability implications, and real-world examples. Learn ...

Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. Katrina Ávila ...

Choosing the right business structure is critical for the operation of a business. General and limited partnerships are common business structures for those wanting to enter business together. While ...

A partnership arises whenever two or more people co-own a business, and share in the profits and losses of the business. Each person contributes something to the business -- such as ideas, money, or ...

With the growing prevalence of limited liability companies, notable general partnership decisions become fewer and further between with each passing year. A common fact pattern in which increasingly ...