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Buying commercial real estate differs in one respect from buying a family home. The time and opportunity may be right to buy a piece of commercial property, but one buyer may not be able to raise enough money. In this case, additional money may be found by forming a partnership with one or more other persons who will share the financial load.
There are two kinds of partnership arrangements. The general partnership and the limited partnership. The basic difference is in the degree of financial responsibility. In a general partnership, all partners share in profits
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