The General partnership type of company is under the regulations of the Bulgarian Commercial Code – from Article 76 to 98.LEARN MORE
All of the partners in the partnership are liable with their assets and are joint debtors. The personal participation of every partner in this type of partnership can be characterized by the personal participation in the business operations.
The Bulgarian commercial law distinguishes two types of legal relationships in the General partnership which are internal – between the partnership and the members in the company, and external – between the partnership and third parties. The internal relations are regulated by the Articles of Partnership and the external by the Commercial Code.