(Business Law)...Since many people refer to general partnerships usually as “partnerships” rather than as “general partnerships”...

(Business Law)...Since many people refer to general partnerships usually as “partnerships” rather than as “general partnerships” should the legal name be changed and that anyone forming a general partnership should be required to use the full name “general partnership’? Discuss your opinion of this and support your opinion with some research.

Expert Solution

First of all you have to know that what is partnership . A Partnership is a agreement between two or more persons when they are ready to share any thing. It is also said as a business having a more than one owner that has not filed the paper to become a corporation.

The Partnership are of two types :-

1. General Partnerships

2. Limited Partnerships

A General partnership is a common partnership which is very less expensive and also it is very simple co owned structure of business to maintain or we say create. In the general partnerships a business is in hand of the every partners , All the partners are managing the business. And if anyone forming a general partnership does not required to use the full name " General Partnerships ".And one condition is that is the business name does not contain all the names of the partners then the entity must usually register that name which can be termed as Fictitious name

jeff jeffy answered 2 years ago

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