{"iri":"http://lmss.sali.org/Ru4xTEglN22D9fpGWBZpgs","id":"Ru4xTEglN22D9fpGWBZpgs","label":"General Partnership","definition":"A general partnership, the basic form of partnership under common law, is in most countries an association of persons or an unincorporated company with the following major features: must be created by agreement, proof of existence and estoppel; formed by two or more persons; the owners are jointly and severally liable for any legal actions and debts the company may face, unless otherwise provided by law or in the agreement. It is a partnership in which partners share equally in both responsibility and liability.","prefLabels":["Unlimited Partnership"],"altLabels":["General Partnership","Offene Handelsgesellschaft","Sociedade em nome coletivo","Société en nom collectif","普通合伙","普通合同会社"],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/R7L5eLIzH0CpOUE74uJvSjL","label":"Legal Entity"},"parents":[{"iri":"http://lmss.sali.org/RC3I2GwWuuKWmRJVXgxXeb","id":"RC3I2GwWuuKWmRJVXgxXeb","label":"Partnership"}],"children":[],"relations":[],"url":"https://lmss.io/tag/Ru4xTEglN22D9fpGWBZpgs/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}