Definition of General Partnership

Definition:

A partnership that is a joint venture in which each general partner shares in the administration, profits and losses of the operation.

Related Terms:

Corporation
Partnership (LLC)
Sole Proprietor

Related Information:

The Legal Requirements for Starting a Business
How to Form a Business Partnership

Related Books:

The Partnership Book: How to Write A Partnership Agreement
The Partnering Imperative
Books about Legal Issues in a Small Business

Affiliated Websites

125aday
How-to books and business plans for starting a variety of businesses.

Adobe
Creative, video, audio, web design, and print publishing software.

Apple Business Store
Apple computer products - plus the latest accessories and software.

CafePress
Online marketplace of user-created products.

Dell Small Business
Dell computer solutions.

Entrepreneur.com
Business start-up and management guides for starting businesses.

FabJobs
Books, e-books, CDs and hundreds of career articles.

GoDaddy
Domain names, web hosting, website builders, and ecommerce solutions.

Logoworks
Professional corporate identity and logo design.

Newegg.com
High-quality technology and entertainment products at great prices.

Nolo.com
Affordable, plain-English legal books, forms and software.

Palo Alto Software
Software tools for business, marketing, and legal planning. Over 500 sample plans.

QuickBooks
Small business accounting software.