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Partnership's Assets
The resources owned by a partnership that are used in its business operations.
General Partners
Individuals or entities who manage the business and are personally liable for the partnership's debts.
Limited Partners
Investors in a partnership who are not involved in the daily operations of the business and whose liability is restricted to the amount of their investment.
Co-owners
Individuals or entities that hold ownership rights together in a property or asset, sharing the benefits as well as responsibilities.
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