Also like a sole proprietorship, a general partnership doesn't protect against personal liability and in addition, partners are held responsible for the actions of the other partners.
At some point these trusts founded an organization called International Clearing Associates (ICA), a general partnership that takes cash from the trusts and lends it to other trusts and their companies.
Many partners, especially those starting retail or service businesses, will choose to establish a general partnership, although they might also consider forming an LLC or corporation to protect liability, receive different tax treatment or other reasons.
But if a person is going to be a general partner of a limited partnership that is either conducting any substantial business or taking investors, they have better do their own asset protection first.
Mom and Dad own a 1% general partnership interest that gives them full control.
It is not a federally exempt nonprofit corporation, a C corporation, an S corporation, a limited liability company, a general or limited partnership.
Although car sharing is a growing trend, a new partnership between General Motors and RelayRides may just be the tipping point for the industry.
The venture capitalist serves as a general partner in the partnership.
The donor contributes assets to a partnership, becoming the general partner and keeping at least 1% of the limited partnership shares.
Session I: Earth Resources and Sustainability will start with two keynote presentations featuring a general sustainability framework for the mining industry and a specific partnership with the private sector at a biosphere reserve in Canada.
Daewoo Motor, Korea's second-largest automaker, signed a memorandum of understanding with General Motors in February to work out a wide- ranging partnership.
The meeting began with a briefing from General McChrystal, who noted a continued progress in the Marja offensive and the strengthening partnership with Afghan national security forces.
In any event, Osiris Partners was a general partner and the investment manager of a purported hedge fund known as the Osiris Fund Limited Partnership, which also was headquartered in Jersey City, New Jersey.
One is the mutual fund, and one is a public limited partnership that we distribute to the general public through the broker-dealer network.
The typical private equity fund is a partnership in which limited partners pay the general partners a fee of 2% of the assets under management along with 20% of the investment profits they make dubbed carry.
Yahoo looks unlikely to do its own socially-based advertising, but will instead rely on a partnership with Facebook, selling packages of social- and general content-themed ads.
As we recently discussed with Mr. Ghosn, Tracinda believes that General Motors, Renault and Nissan should explore a three-company, partnership-based alliance.
Executives from the Seattle-based company focused in particular on their marketing partnership with General Motors-owned Chevrolet, specifically on a major cross-platform campaign that Microsoft and GM will be rolling out for their upcoming Volt electric automobile.
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Au set up a general ledger for PLP to categorize and account for all transactions affecting the partnership assets and Capital accounts 10 as well as ledger income beginning in 1999. accounts were established for each partner to show distributions to each partner, income received by the partnership, and expenses incurred by the partnership.
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Are the general partners of alternative investment funds subject to a conflict of interest in valuing partnership assets?
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We have learned a great deal from this partnership and we hope to continue our cooperation with General Atlantic in other ways in the future.
The launch of the CNN African Journalist of the Year Competition held in partnership with the SABC, sees the addition of a new "General News" category for the Francophone press.
It's a consortium of companies, including GridPoint, Constellation Energy and General Electric that works in partnership with the Department of Energy.
The general partnership interests of those funds have mostly been purchased by PCCP LLC and a spin out called Trilantic Capital Partners.
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The limited partnership form of business organization permits a great deal of variance with respect to the rights of the general and limited partners.
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On behalf of the government, DEFRA minister Jim Paice said he welcomed and "admired" the "general sentiment" of the bill, but said that it was too broad and "inconsistent with a partnership" approach to farming.
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