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Functions of a general partnership
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by ConfidusSolutions
on 2024-11-23 07:45:42
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General partnerships are formed for various reasons and they have certain legal implications, for example for company management procedures, profit-sharing, responsibility for partners’ debts, etc. Profits are always shared equally among all of the company’s partners, and they have absolute individual authority to manage and run the business. Moreover, all partners are considered to be liable if one or more of them have dealings with a third party, as any one partner can enter into and perform agreements on behalf of the partnership as a whole. https://www.confiduss.com/en/services/incorporation/structure/general-partnership/
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Re: Functions of a general partnership
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