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Partnership
An officially authorized business partnership in which two or more persons co-manage the operation and profit-sharing.
Limited Liability Company
In the United States, a company framework where the owners bear no personal responsibility for the firm's financial obligations or liabilities.
General Partnership
A partnership in which the partners divide profits and management responsibility and share unlimited personal liability for the partnership’s debts.
General Partnership
A form of partnership where all partners share unlimited liability for the business's debts and obligations.
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