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General Partners
Parties in a partnership who are responsible for the management of the partnership and are personally liable for its debts.
Limited Partners
Investors in a limited partnership who are only liable for the business's debts and obligations up to the amount of their investment.
Limited Partnership
A form of partnership featuring both general partners, with unlimited liability, and limited partners, with liability limited to their investment.
Tax-Paying Entity
An individual or organization required by law to pay taxes to a governmental authority.
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