Is a General Partnership a Good Idea? | Company Activities & Management > Company Structures & Ownership from AllBusiness.com
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Is a General Partnership a Good Idea?

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If you have been asked to become a general parner in a business operated as a general partnership, don't do it. General partners run the risk of being personally liable for the debts and liabilities of the business. Shareholders in a properly run corporation don't face that risk.

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