Civil Law Partnership
DataModel:CDQ/Business Partner/Legal Form/Legal Form Category/LF105
| Property | Value |
|---|---|
| A technical identifier, unique in a certain context. Technical key | LF105
|
| Language-specific name. Monolingual name | Civil Law Partnership (en) |
| Language-specific short name. Monolingual short name | Civ.L.Ps. (en) |
| Informal and comprehensive human-readable definition of a concept. Description | A Civil Law Partnership is an agreement between two or more parties to pool resources in a business. In this structure, partners equally share profits, losses, and control of the business, and each partner is personally liable for the debt and obligations of the partnership. |