What is the meaning of general partnership?

In a' general partnership', all the partners participate in the operation and management of the business and share full liability for business losses and obligations. (See partnership).

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APABarry Goldsmith. (2010). general partnership. Retrieved September 20, 2026, from http://smartdefine.org/general_partnership/definitions/1154861
ChicagoBarry Goldsmith. 2010. "general partnership" http://smartdefine.org/general_partnership/definitions/1154861 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, general partnership, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/general_partnership/definitions/1154861>.
MLABarry Goldsmith. "general partnership" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/general_partnership/definitions/1154861>