BusinessSantander uses cookies to deliver superior functionality and to boost your expertise of our web sites. Discover data and on-line companies related to beginning a enterprise; operating and rising a business; and transitioning and succession of a business. In addition, a business that wishes to raise cash on a stock market or to be owned by a wide range of people will typically be required to adopt a particular authorized type to take action.

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General partners in a partnership (apart from a limited liability partnership), plus anybody who personally owns and operates a business with out creating a separate authorized entity, are personally responsible for the money owed and obligations of the business.