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The General Partnership

The General Partnership

The AB Software Store demonstrates that the general partnership is the default for businesses that are owned by more than one person. In other words,a partnership is formed if two or more persons go into a co-owned business without any thought or planning of what the relationship is, Co-ownership,further to establish the existence of a general partnership even though initial financial contributions are unequal. Of course, many general partnerships are carefully planned,formal affairs with most aspects of the relationship.

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