General partner

From Wikipedia, the free encyclopedia
Jump to: navigation, search

General partner is a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the business's debts and obligations.[1]

General partners are required in the formation of a:


  1. ^ "DEFINITION OF 'GENERAL PARTNER'". Investopedia. Retrieved 27 November 2015.