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What is the difference between limited and general direction?What is the difference between limited and general direction?My best guess would be in not knowing the full context in which you are asking this question.

Limited would be in the context of a specific subject and therefor limited in nature. Whereas general would be more global in specifically addressing a broad range of subjects.

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difference between limited and unlimited companies


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The key difference between general partnerships and limited partnerships lies in the liability and management structure. In a general partnership, all partners share equal responsibility for managing the business and are personally liable for its debts. In contrast, a limited partnership includes both general partners, who manage the business and have full liability, and limited partners, who contribute capital but have limited liability and typically do not participate in day-to-day management. This structure allows limited partners to invest without risking their personal assets beyond their investment in the partnership.


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