shareholder
If the partnership is a general partnership, all partners assume unlimited liability. However, if the partnership is a limited partnership, one or more of the partners assumes unlimited liability
If the partnership is a general partnership, all partners assume unlimited liability. However, if the partnership is a limited partnership, one or more of the partners assumes unlimited liability
The ones I'm aware of (In the US) are General Partnership, Limited Partnership (LP), Limited Liability Partnership (LLP), and Limited Liability Limited Partnership (LLLP)
The liability of various forms of business are as follows: Partnership: The liability of the partners is joint, several and unlimited. Sole proprietorship: The liability is of the proprietor is unlimited. LLP: The liability is limited by MOA and AOA.
Unlimited liability for all partners.
Unlimited liability for all partners.
Unlimited joint liability General partnership etc. (There are more)
If a partner has authority to act and the partnership is bound by the act, each partner has unlimited personal liability for the obligation
Both a proprietorship and a partnership.
*availability of large resousces *better decisions *unlimited liability *lack of harmony *availability of large resousces *better decisions *unlimited liability *lack of harmony
A Philippine partnership must be registered with SEC.A minimum of 2 partners is required. Partners have unlimited liability.One can setup a limited partnership, the limited partners have limited liability the other partners have unlimited liability.A partnership is taxed like a corporation.
A partnership has limited liability.