Types of partnerships, what are the three types of partnerships?

Updated on Financial 2024-03-29
15 answers
  1. Anonymous users2024-02-07

    Partnerships are divided into: general partnerships and limited partnerships. Among them, general partnerships include special general partnerships.

    1. A general partnership is composed of more than 2 general partners (there is no upper limit).

    In a general partnership, the partners are jointly and severally liable for the debts of the partnership.

    In a special general partnership, if one or more partners intentionally or grossly negligently cause the debts of the partnership enterprise in the course of their professional activities, they shall bear unlimited liability or unlimited joint and several liability, and the other partners shall be liable only to the extent of their share of property in the partnership.

    2. A limited partnership is composed of general partners and limited partners with more than 2 and less than 50 people, of which there is at least one general partner and limited partner. When only the general partner is left in the limited partnership, it shall be converted into a general partnership, and if only the limited partner remains, it shall be dissolved. The general partner shall be jointly and severally liable for the debts of the partnership, and the limited partner shall be liable for the debts of the partnership to the extent of the amount of capital contribution subscribed by the limited partner.

  2. Anonymous users2024-02-06

    Partnerships are divided into: general partnerships and limited partnerships.

    A general partnership is formed by general partners, who are jointly and severally liable for the debts of the partnership. Where the Contract Law has special provisions on the form of liability of the general partner, such provisions shall prevail.

    A limited partnership consists of a general partner and a limited partner, with the general partner jointly and severally liable for the debts of the partnership, and the limited partner liable for the debts of the partnership to the extent of their subscribed capital contributions.

  3. Anonymous users2024-02-05

    A partnership is one type of business. Enterprises have unlimited liability, and the common types are: studios, management centers, and firms. It can be divided into the following three types.

    1 Sole proprietorship (tax-based collection, payment of value-added tax, individual income tax) 2 limited partnership (executive partner (GP) bears unlimited liability, and the rest of the partners bear limited liability (LP) mostly in equity incentives).

    3. General partnership (all partners bear unlimited joint and several liability).

  4. Anonymous users2024-02-04

    1.General partnership: The name of the partnership shall be marked with the words "general partnership"; The partners jointly execute the affairs of the partnership and bear unlimited joint and several liability for the debts of the partnership.

    2.Special general partnership: The name of the enterprise shall be marked with the words "special general partnership".

    Where one or more partners intentionally or grossly negligently cause the debts of a partnership enterprise in the course of their professional activities, they shall bear unlimited liability or unlimited joint and several liability, and the other partners shall be liable to the extent of their share of property in the partnership. All partners shall be jointly and severally liable for the debts of the partnership and other debts of the partnership that are not caused by intentional or gross negligence on the part of the partners in their professional activities.

    3.Limited partnership: The word "limited partnership" shall be indicated in the name of the enterprise. Among them, the limited partners shall bear limited liability for the debts of the partnership to the extent of the amount of capital contribution, and the unlimited partners shall bear unlimited joint and several liability for the debts of the partnership.

  5. Anonymous users2024-02-03

    Sole proprietorship: refers to a business entity established in China in accordance with the Sole Proprietorship Enterprise Law, invested by a natural person, whose property is owned by the investor, and whose personal property bears unlimited liability for the debts of the enterprise.

  6. Anonymous users2024-02-02

    Partnerships are divided into: general partnerships and limited partnerships. Among them, general partnerships include special general partnerships.

  7. Anonymous users2024-02-01

    Partnerships are divided into: limited partnerships, general partnerships, and special general partnerships. Among them: a special general partnership is a type of general partnership.

  8. Anonymous users2024-01-31

    It is divided into general partnership and limited partnership.

  9. Anonymous users2024-01-30

    Self-employed, sole proprietorship, general partnership, limited partnership, and individual investment are not qualified and do not need to pay corporate income tax (also known as: enterprise income tax, corporate income tax).

    Limited liability company, joint-stock limited liability company, and one-person limited liability company are legal persons and need to pay corporate income tax + individual income tax.

  10. Anonymous users2024-01-29

    Sino-foreign joint ventures, joint-stock systems, public-private partnerships.

  11. Anonymous users2024-01-28

    Joint-stock system, share responsibility system, sole proprietorship.

  12. Anonymous users2024-01-27

    Sino-foreign joint ventures, this is the most important thing!

  13. Anonymous users2024-01-26

    1. General partnership.

    All partners in a general partnership are jointly and severally liable for all corporate debts.

    2. Special general partnerships.

    The repayment of the debts of a special general partnership should first determine the cause of the debts, and then determine how the debtor should pay off.

    3. Limited partnerships.

    The repayment of the debts of a limited partnership should first determine the responsibilities of the partners, and then determine how the debts should be repaid. (from people to debts).

    1. A limited partnership must have at least 1 general partner and 1 limited partner.

  14. Anonymous users2024-01-25

    General Partnership.

    Limited Partnership. Special General Partnership.

  15. Anonymous users2024-01-24

    The types of partnerships are:

    1. A general partnership is composed of general partners, and the partners are jointly and severally liable for the debts of the partnership. An ordinary joint venture is composed of more than 2 general partners (there is no upper limit). A general partnership also includes a special general partnership.

    2. A limited partnership is composed of a general partner and a limited partner, the general partner bears unlimited joint and several liability for the debts of the partnership, and the limited partner is liable for the debts of the partnership to the extent of the amount of capital contribution subscribed.

    1. What are the responsibilities of limited partners?

    First of all, a limited partnership is composed of a general partner and a limited partner chain, the general partner is jointly and severally liable for the debts of the partnership, and the limited partner is liable for the debts of the partnership to the extent of the amount of capital contribution subscribed.

    Second, if the limited partner's own property is insufficient to pay off its debts unrelated to the partnership, the partner may use the proceeds from the limited partnership to pay off; The creditor may also request the people's court to enforce the partner's share of the property in the limited partnership for repayment.

    Thirdly, if a limited partner conducts transactions with others in the name of the limited partnership without authorization, causing losses to the limited partnership or other partners, the limited partner shall be liable for compensation.

    Article 2 of the Partnership Enterprise Law stipulates that the term "partnership enterprise" as used in this Law refers to general partnerships and limited partnerships established by natural persons, legal persons and other organizations within the territory of China in accordance with this Law.

    A general partnership is formed by general partners, who are jointly and severally liable for the debts of the partnership. Where this Law has special provisions on the form of liability of the general partner, follow those provisions.

    A limited partnership consists of a general partner and a limited partner, with the general partner jointly and severally liable for the debts of the partnership, and the limited partner liable for the debts of the partnership to the extent of their subscribed capital contributions.

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