general partnership - translation to greek
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general partnership - translation to greek

ASSOCIATION OF PERSONS OR UNINCORPORATED COMPANY FOR TRADE PURPOSES
General Partnership; General partners; General partnerships; General Partner

general partnership         
ομόρρυθμη εταιρεία
general meeting         
MEETING OF ALL THE MEMBERS OF AN ORGANIZATION
General Assembly; General assemblies; General meeting; The General Assembly; General Assembly (U.S. state legislature); General assembly (U.S. state legislature)
γενική συνέλευση
attorney general         
IN COMMON LAW JURISDICTIONS, MAIN LEGAL ADVISOR TO THE GOVERNMENT
Attorney-General; Attorneys General; Attorney-general; Attorneys general; Attorney Generals; Counsel General; Attorney-General's Chambers; Office of the Attorney General; Attorneys-General; Attorney General; Atty gen; Prosecutor general; Att'y Gen.; Attorney General's Chambers; Atty. Gen.; Atty. gen.; Attorney generals; Attourney general; Attourney-general; King's Attorney; Acting Attorney General; Acting attorney general; Attorney General Nominee; Attorney general nominee; Attorneys-general; Atty Gen.; General Prosecution Office; Attorneys generals
γενικός εισαγγελέας, υπουργός της δικαιοσύνης

Definition

general partner
n. 1) usually one of the owners and operators of a partnership, which is a joint business entered into for profit, in which responsibility for management, profits and, most importantly, the liability for debts is shared by the general partners. Anyone entering into a general partnership (the most common business organization involving more than one owner) must remember that each general partner is liable for all the debts of the partnership. Furthermore, any partner alone can bind the partnership on contracts. Example: Joe Doright and Sam Sleazeball are partners in a retail store. Sleazeball runs up a large American Express card bill in the name of the company while on a toot in Las Vegas, contracts for purchase of $30,000 worth of dresses which are out of fashion, and then takes off with a girlfriend for Tahiti. Doright is responsible for the entire debt. 2) in the 40 states which recognize limited partnerships, the managing partner or partners operate the partnership and are liable for its debts beyond the value of the investments by limited partners. The general partners usually receive a management fee and share in profits. Limited partners are prohibited by law from participating in management, can lose more than their investments, and get less than the general partners from unusually high profits. See also: limited partnership partner partnership

Wikipedia

General partnership

A general partnership, the basic form of partnership under common law, is in most countries an association of persons or an unincorporated company with the following major features:

  • Must be created by agreement, proof of existence and estoppel.
  • Formed by two or more persons
  • The owners are jointly and severally liable for any legal actions and debts the company may face, unless otherwise provided by law or in the agreement.

It is a partnership in which partners share equally in both responsibility and liability.

Examples of use of general partnership
1. Kinder Morgan also owns the general partnership in Kinder Morgan Energy Partners, one of the largest publicly traded pipeline limited partnerships in the US.
2. After a three–day review, the Smithsonian‘s general counsel determined there was no conflict of interest because Beer "did not have a general partnership interest" and was not involved in the venture‘s decision–making.
3. We believe that the economic gap between Africa and the rest of the world will continue to reward investors as the African economic climate continues to improve.» KZAM is a general partnership between KHC and Zephyr Management that focuses on investment opportunities in the region and pan–African businesses.