In a general partnership, partners are only liable for the business's debt up to the amount of their investment. partners usually draw up legal papers called articles of partnership. partners must pay

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asked May 11, 2022 191k views

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In a general partnership,

partners are only liable for the business's debt up to the amount of their investment.
partners usually draw up legal papers called articles of partnership.
partners must pay business taxes on stock they issue.
the business continues even if one partner dies.