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The "general partner" (sometimes erroneously referred to as a "general partnership") of a limited partnership can indeed be a publicly traded company, but this is a different question. Also, I know that limited partnerships can be publicly traded. My question, however, is whether a general partnership --which is composed only of partners who manage the partnership and are liable individually -- can be a publicly traded entity. Thank you!

2007-08-25 06:41:01 · 1 answers · asked by nycgamete 1 in Business & Finance Other - Business & Finance

1 answers

I suppose it might be possible in theory, but only a fool would buy it.

A general partner has responsibility for the debts and acts of the partnership, even if he didn't personally take part in them.

A limited partnership would be more likely to sell publicly, and it's been done.

2007-08-25 06:49:15 · answer #1 · answered by open4one 7 · 0 0

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