The phrase "general partnership" is correct and usable in written English.
It is typically used in legal and business contexts to refer to a type of business arrangement where two or more individuals share ownership and management responsibilities.
Example: "In a general partnership, all partners are equally responsible for the debts and obligations of the business."
Alternatives: "partnership" or "joint venture."
The company said it would pay for the buyback partly through selling its stake in Suburban Propane Partners L.P. The sale of the 24.4 percent limited partnership and 2percentt general partnership interests is expected to generate about $75 million.
Are such businesses doomed to the joint and several liability and other potential drawbacks of a general partnership?
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.
Mr. Flake and his partners structured the deal so that they control 99.99 percent of the general partnership through two for-profit limited liability companies.
"As befits a general partnership, this lack of individual offices promotes sharing of ideas and ensures there can be no secrets," says Digger Donahue.
Notably, this buyback is not by the publicly held Blackstone company but by the general partnership vehicle controlled by the general partners of Blackstone, including Mr. Schwarzman.
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.
Duke said yesterday that it would transfer the general partnership interest in Teppco to Duke Energy Field Services by the end of March.
KBR has won a front-end engineering and design (FEED) contract by KM LNG Operating General Partnership for the Kitimat Liquefied Natural Gas (LNG) Development near Kitimat, British Columbia, Canada.
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.
