What is another word for general partnership?
Pronunciation: [d͡ʒˈɛnəɹə͡l pˈɑːtnəʃˌɪp] (IPA) 
A general partnership is a business structure in which two or more individuals share in the profits and liabilities of the company. However, there are other terms that can be used interchangeably with general partnership. For example, it can be referred to as a joint venture, a co-partnership, or a simple partnership. These terms all imply that the business has multiple owners who share in the decision-making and financial responsibilities. Another synonym for general partnership is a non-limited business, as opposed to a limited partnership where one partner has limited liability. Whatever term is used, it is important for partners in a general partnership to have a clear understanding of the legal and financial implications of their business structure.
