In most countries, a general partnership (the basic form of partnership under common law) is an association of persons or an unincorporated company with the following major features:
Created by agreement, proof of existence and estoppel.
Formed by two or more persons
The owners are all personally liable for any legal actions and debts the company may face, unless otherwise provided by law or in the agreement.
It is a partnership in which partners share equally in both responsibility and liability.