4f26c8bc_omparison_of_Forms_of_Business__4
[0] General Partnership [1] Unlimited number of general partners allowed [2] Unlimited personal liability of the general partners for the obligations of the business [3] Entity not taxed as the profits and losses are passed through to the general partners [5] The general partners have equal management rights, unless they agree otherwise [6] The general partners typically contribute money or services to the partnership, and receive an interest in profits and losses [4] 
General Partnership Agreement Local filings if partnership holds real estat
Comparison of Forms of Business
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