General partnerships are formed for various reasons and have certain legal consequences, e.g. the procedure for managing the company, distribution of profits, liability for shareholder debts, etc. Profits are always divided equally among all shareholders in the company and you have absolute individual powers to conduct business lead and lead. In addition, all partners are liable if one or more of them have a relationship with a third party, as each of the partners can enter into and execute agreements on behalf of the partnership as a whole.

https://www.confiduss.com/en/services/incorporation/structure/general-partnership/