If you take part in a partnership you are individually liable for the debts of the corporation.

如果你加入了合伙制企业,个人需要为企业的债务承担责任

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The problem with partnerships, generally, has been that they don't have limited liability.

通常合伙制企业的问题是,合伙人具有无限责任

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So let me rephrase, are these people, are these pair of partners in the firm, or two students working on their homework assignments, are they working more or less than an efficient level?

让我换个表达方式吧,这些企业合伙人,或者两个共同协作做作业的同学,他们是否实现了最优效率了呢

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In a normal--in a simple partnership, the partnership would not be taxed because it's you doing business just as partners, so you are taxed but not the partnership.

简单的合伙制企业,正常情况下是不需要缴税的,因为你是在以一个合伙人的身份来做生意,所以要对你征税而不是合伙制企业

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The general partner is typically the organizer of the partnership.

普通合伙人往往就是,合伙制企业的组织者

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That's a problem with the partnership structure because you could join a partnership and the partnership does something awful and loses more than you put into it and they can come after you for those losses.

这就是合伙制企业的一个问题,如果你加入了一个合伙制企业,然而企业经营出现失误,损失超过了投入,有人就会要求你承担这些损失

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