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Barbados: Types of Company

General Partnership

Partnerships fall under the Partnerships Act Cap 313 as amended, which is basically similar to the English Partnership Act 1890. No registration of partnerships is necessary, and there does not have to be a written partnership agreement. Partners are liable for the whole debts of the partnership. Partnerships are fiscally transparent, and the partnership tax assessment will fall on the partners individually. Apart from the need to file a tax return, there are no filing requirements for partnerships.



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