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7 Cards in this Set
- Front
- Back
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partnership |
a business organization owned by two or more persons who agree on a specific division of responsibility |
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general partnership |
partnership in which partners share equally in responsibility and liability |
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limited partnership |
partnership in which only one partner is required to be a general partner |
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limited liability partnership |
partnership in which all partners are limited partners |
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articles of partnership |
a partnership agreement |
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uniform partnership act |
act ordering common ownership interests, profit and loss sharing and shared management responsibilities in a partnership |
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assets |
money and other valuables belonging to an individual or business |
