Legal Dictionary

Legal terms made easy to understand

Select legal terms

Legal Dictionary

BizCounsel's dictionary of legal terms defines common terms concerning business contracts, employment law, and more.

Learn how BizCounsel can help your business
Select Legal Terms
Legal Dictionary > General Partners

What's a General Partner?

Owners of a partnership who are responsible for the management of the partnership, receive a share of the partnership's profits and losses, and who are personally liable for the actions of the other partners and the debts of the business.

See Also: General Partnership, Partnership

Learn how BizCounsel can help your business