Is a partnership classified as a juristic person?

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2026-07-09 15:46

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A partnership is generally not classified as a juristic person in many jurisdictions; rather, it is considered an association of individuals who have come together to conduct business. Unlike corporations, partnerships do not have a separate legal identity from their partners, meaning the partners are personally liable for the debts and obligations of the partnership. However, some legal systems may recognize certain types of partnerships, like limited liability partnerships (LLPs), as having limited liability features, which can resemble the characteristics of a juristic person.

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