Legal Dictionary
Legal Terms Made Easy to Understand
Select legal terms
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
Related Articles
![Top 5 Tips When Selling Your Business]()
Top 5 Tips When Selling Your Business
Top 5 tips on how to sell your business the right way, from two experienced legal researchers.
Feb. 4, 2021![california professional corporation]()
What is a California Professional Entity and What Are It's Advantages?
What are the differences between a professional entity and a "regular" corporation or LLC in California.
March 18, 2020
See how we’ve reimagined the legal experience
