The phrase "a general partnership" is correct and usable in written English.
It can be used in legal or business contexts to refer to a type of business structure where two or more individuals manage and operate a business together, sharing profits and liabilities.
Example: "The two entrepreneurs decided to form a general partnership to launch their new startup."
Alternatives: "a business partnership" or "a joint partnership".
"As befits a general partnership, this lack of individual offices promotes sharing of ideas and ensures there can be no secrets," says Digger Donahue.
The LJM2 partnership, like several others set up by Enron, was run by a general partnership, LJM2 Capital Partners, and managed by a second partnership, LJM2 Capital Management.
The deal will see chairman Steve Parish, Josh Harris and David Blitzer take control of the club in a general partnership structure.
For most charities seeking to refinance, HUD requires that the charity that built the project, or another charity with experience running similar projects, remain in control by being the only member in a general partnership.
In a general partnership, however, all partners share unlimited personal liability for actions of other partners taken on behalf of the partnership.
Rachlin will usually opt for a general partnership stake over a limited partnership one, sacrificing current income for the prospect of better growth.
Despite the troubles, Hargrove believes that SeaWorld, which unveiled a new general partnership with the Humane Society of the United States in the Thursday announcement, could still have a promising future.
Some of the filings reflect the complex nature of private equity funds: each Bain fund was run by a separate general partnership — one that included all of Bain's executives — that in turn was legally controlled by Mr. Romney through his management entity.
Mom and Dad own a 1% general partnership interest that gives them full control.
With an seed investment of, say, $200 million, a fund at Blackstone gets an ownership stake in the general partnership of an upstart hedge fund.
"We need a price close to the same number for different reasons," said Gigi Lazenby, chief executive of the Bretagne General Partnership, an independent oil company in Beattyville, Ky.
