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general ordinary partnership

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  • General partnership — In the commercial and legal parlance of most countries, a general partnership or simply a partnership, refers to an association of persons or an unincorporated company with the following major features:*Created by agreement, proof of existence… …   Wikipedia

  • partnership — A business owned by two or more persons that is not organized as a corporation. A voluntary contract between two or more competent persons to place their money, effects, labor, and skill, or some or all of them, in lawful commerce or business,… …   Black's law dictionary

  • general partner — A partner in an ordinary partnership, as distinguished from the special or limited partner in a limited partnership. 40 Am J1st Partn § 510. The member of a limited partnership who has rights and powers analogous to those possessed by the members …   Ballentine's law dictionary

  • general partnership — The ordinary partnership, as distinguished from a limited partnership or partnership association. See partnership …   Ballentine's law dictionary

  • partnership — part·ner·ship n: an association of two or more persons or entities that conduct a business for profit as co owners see also uniform partnership act in the important laws section compare corporation, joint venture, sole pro …   Law dictionary

  • Partnership — Part ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. [1913 Webster] 2. A division or sharing among partners; joint possession or… …   The Collaborative International Dictionary of English

  • Partnership in commendam — Partnership Part ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. [1913 Webster] 2. A division or sharing among partners; joint… …   The Collaborative International Dictionary of English

  • General Packet Radio Service — (GPRS) is a packet oriented mobile data service on the 2G and 3G cellular communication system s global system for mobile communications (GSM). GPRS was originally standardized by European Telecommunications Standards Institute (ETSI) in response …   Wikipedia

  • Partnership (Australia) — In Australia, summarising s. 5 of the Partnership Act 1958 (Vic) (hereinafter the Act ), for a partnership to exist, four main criteria must be satisfied. They are: * Valid Agreement between the parties; * To carry on a business this is defined… …   Wikipedia

  • Partnership (Hong Kong) — A partnership in Hong Kong is a business entity formed by the [http://www.hklii.org/hk/legis/en/ord/38/ Partnerships Ordinance] , which defines a partnership as the relation between persons carrying on a business in common with a view of profit… …   Wikipedia

  • Ordinary income — Part of a series on Taxation Taxation in the United States …   Wikipedia

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