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How is a general partnership organized? only one partner is responsible for the debts of the partnership. no partner is responsible for the debts of the partnership beyond his or her investment. every partner shares equally in both responsibility and liability. the doctors, lawyers, or accountants who form a general partnership hire others to run the partnership. description?

Respuesta :

A general limited partner is organized where every partner shares equally in both responsibility and liability.
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Answer:

Every partner shares equally in both responsibility and liability.

Explanation:

A general partnership is a commercial agreement whereby two or more people agree to share all the financial and legal assets, profits and liabilities of a jointly owned business structure. The partners accept unlimited liability, that is, any of their personal assets may be subject to the company's obligations. In fact, any partner can be sued for all the commercial debts of a company.