Discover what a general partnership is, its key features, unlimited liability implications, and real-world examples. Learn ...

Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. Katrina Ávila ...

A general partnership, while inexpensive to set up, potentially saddles the partners with big personal liability. Many, or all, of the products featured on this page are from our advertising partners ...

General and limited partnerships share similar features, like pass-through taxes, but differ in liability and day-to-day operations. Many, or all, of the products featured on this page are from our ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...