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What is the definition of a general partnership? A general partnership involves multiple business owners who are each personally responsible for all of the partnership's
What is the definition of a general partnership?
A general partnership involves multiple business owners who are each personally responsible for all of the partnership's debts.
A general partnership is joint ownership of a firm where each owner is responsible for only a portion of the partnership's debts.
A general partnership is defined as a business entity where each partner owns an equal share of the business.
A general partnership is defined as joint ownership of a firm with some partners having limited liability while others have unlimited liability.
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