A partnership in which management responsibilities and profits are divided usually equally among the partners, and all partners have unlimited personal liability for the partnership's debts is called as a(n) ________.

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A general partnership is a type of partnership in which management responsibilities and profits are shared equally among the partners, and all partners have unlimited personal liability for the partnership's debts. This is the most common type of partnership and is sometimes referred to as a "traditional" partnership.

A Partnership in Which Management Responsibilities and Profits Are Divided