Delaware General Partnership Definition
Delaware General Partnership
DEFINITION
DEFINITION
A Delaware General Partnership is a business with two or more
individuals or
other entities
according to
partnership
agreement. All partners are
jointly and
severally liable for all partnership
debts. individual partners'
prorated share of
partnership income
or loss is included
on the respective income tax return of the partner and
taxed at personal
or corporate rates
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Terri J Lee S.
Arizona Member
I originally joined LegalShield because I wanted to get my will completed. However, I have kept my membership because of the value it provides. I feel good knowing that if I have a legal question or if I need help with a legal document, I can contact LegalShield. I would highly recommend this company, and in fact, I have referred some of my friends and family members
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