One group of states treats general and limited partnerships as aggregate.
Senior partner in the general partnership that owns the firm's building.
The three remaining founders are reported to collectively own around a 50% interest in the group's general partnership.
On April 1, 1968 the firm was converted into a national general partnership.
For each of about two dozen mall projects, there was a new general partnership.
If the company turns into general partnership or civil society, it requires the unanimous agreement of members.
For general partnerships, there is no legal requirement to tell anyone of the change.
However under this arrangement Fox would receive a 25% interest in the new fund's general partnership.
If it is a general partnership, all the partners are made bankrupt.
Like general partnerships, profits are shared among the members of a limited partnership.