Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In 18 Guam Code Ann. § 27301

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
A limited partnership may carry on any business which a partnership without limited partners may carry on, except banking and insurance.

SOURCE: CC § 2479.