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  2. General partnership - Wikipedia

    en.wikipedia.org/wiki/General_partnership

    Each general partner is deemed the agent of the partnership. Therefore, if that partner is apparently carrying on partnership business, all general partners can be held out as partners for his dealings with third persons. By default a partnership will terminate upon the death, disability, or even withdrawal of any one partner.

  3. List of legal entity types by country - Wikipedia

    en.wikipedia.org/wiki/List_of_legal_entity_types...

    GP (General Partnership): Either a formal structure with a partnership agreement, or an informal structure, in which case the Partnerships Act for the province will apply; LP (Limited Partnership): An investment structure, limiting both the liability and the participation of the investor.

  4. Line of hereditary succession - Wikipedia

    en.wikipedia.org/wiki/Line_of_hereditary_succession

    In inheritance, a hereditary successor is a person who inherits an indivisible title or office after the death of the previous title holder. The hereditary line of succession may be limited to heirs of the body, or may pass also to collateral lines, in case of extinction of heirs of the body, depending on the succession rules.

  5. Executor vs. Personal Representative: Who's Right for Your ...

    www.aol.com/finance/personal-representative-vs...

    The post Personal Representative vs. Executor: Key Differences appeared first on SmartReads by SmartAsset. Personal representatives are tasked with managing estates when people die, either ...

  6. General partner - Wikipedia

    en.wikipedia.org/wiki/General_partner

    Just like the United States, a general partnership consists of general partners, who are personally liable for all of the business debts and claims. Furthermore, taxation is based on individual partners, rather than the partnership being taxed through income or corporate tax. Partnerships in France are also considered as separate legal ...

  7. Partnership vs. Corporation - AOL

    www.aol.com/finance/partnership-vs-corporation...

    In a partnership, the company is owned by the general partners and, if applicable, limited partners. General partners make the call on how the daily operations run. In a corporation, the company ...

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