The simplest kind of partnership would be if several of you got together and formed a business.

如果你们几个人打算一起做生意,那这就是最简单的一种合伙制

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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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There is something, however, called a limited partnership that has two kinds of partners: a general partner and a limited partner -or usually, many limited partners.

然而,也有一种有限合伙制,其中包括两类合伙人,普通合伙人和有限合伙人,或者,通常会有多个有限合伙人

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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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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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So typically, real estate is held in a limited partnership.

通常,人们会以,有限合伙制形式持有房地产

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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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A limited partnership is one kind of DPP and it has--it's not a corporation, so it's a partnership.

有限合伙制是DPP的一种,它不是公司制,而是合伙制

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The most important DPP is called a limited partnership or LP.

最重要的一类DPP叫做有限合伙制,简称为LP

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