| For tax planning purposes, a general partnership can be a useful method of diverting income from high bracket parents to their children. |
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| In a general partnership each of the two or more partners will have unlimited liability for the debts of the business. |
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| Your notary can describe the advantages and disadvantages of a joint-stock company, a limited or general partnership, or even a joint venture. |
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| The deal will see chairman Steve Parish, Josh Harris and David Blitzer take control of the club in a general partnership structure. |
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| Duke said yesterday that it would transfer the general partnership interest in Teppco to Duke Energy Field Services by the end of March. |
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| With certain minor exceptions, the reporting for tax purposes is the same as for a general partnership. |
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| However, an interest in a general partnership is not a qualified investment. |
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| Professor Heavin's paper reviews proposed reforms of general partnership law in both the United States and the United Kingdom. |
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| The organization would be a general partnership, the default organizational form for a for profit organization. |
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| All partners bear the unlimited liability for the obligations of the general partnership. |
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| In November 2005, Uniprix officialized the creation of Unidis, a general partnership, in synergy with McKesson Canada. |
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| Mr. Flake and his partners structured the deal so that they control 99.99 percent of the general partnership through two for-profit limited liability companies. |
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| Notably, this buyback is not by the publicly held Blackstone company but by the general partnership vehicle controlled by the general partners of Blackstone, including Mr. Schwarzman. |
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| The LJM2 partnership, like several others set up by Enron, was run by a general partnership, LJM2 Capital Partners, and managed by a second partnership, LJM2 Capital Management. |
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| For this reason, all partners in a typical general partnership may be held liable for the wrongs committed by one partner. |
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| As well, the measures do not apply where the expenses were incurred to earn business income either as a sole proprietor or as a partner of a general partnership that carries on an active business. |
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| If pass-through benefit of a general partnership is appealing but sharing responsibility is not, consider a limited partnership. |
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| A foreigner living outside the European Economic Area and carrying on a trade as a private entrepreneur or as a partner in a Finnish limited or general partnership needs a trade permit. |
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| A limited partnership is special because, unlike a general partnership, a limited partnership grants limited liability to a certain class of partners. |
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