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LiabilityThe partners have an unlimited, joint and several other legal responsibility.Liability is restricted to the worth of the share capital for the restricted companion. Some matters corresponding to increasing the share capital require a minimal of 2/3 of the represented votes and the straightforward majority of the share capital with voting right to be present. All other enterprise income is taxed as income for owners relying on their legal personality. Ordinary partnership has no legal character when it comes to company tax aside from taxes such as VAT, Special Consumption Tax, withholding, and so on.
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