General partner

General partnership
A partnership in which all partners are general partners.
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general partner
one of two or more partners who are jointly and severally responsible for the debts of a partnership.

General Partner
Investment Dictionary:
General Partner
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GENERAL PARTNER - a co-owner of a business who is liable for all debts and other obligations of the ven...
GENERAL PARTNER (GP) - a class of partner in a partnership. The general partner retains liability for t...

General Partnership. An ownership entity in which two or more partners are involved, and which results in unlimited liability for the owners, unlike a Corporation.

general partnership
A partnership in which every partner is fully liable to the full extent of his, her, or its net worth for all the obligations of the partnership.
generally accepted accounting principles (GAAP) ...

General partner
A participant who has unlimited liability for the obligations of a partnership.
General partnership
A partnership in which all participants are general partners.

General Partner: The managing partner of a limited partnership who possesses ...

General partner: The partner who has the responsibility to manage the business and affairs of a limited partnership, and who has unlimited liability.

General Partnership - Form of corporation where all owners share in the profits, losses and management responsibilities. (See "Limited Partnership") ...

General partner - 1. member of a partnership who is jointly and severally liable for all debts incurred by the partnership that is, a partner who does not have limited liability. Or 2.

General partner
A general partner is a partner who assumes unlimited liability for the debts of the partnership. The general partners in a limited partnership are usually responsible for its management.
General purpose financial statements ...

GENERAL PARTNERSHIP which, via registration with an appropriate state authority, is able to enshroud all its partners in limited liability. Rules governing LLPs vary significantly from state to state.
See also: LLP, Partnership ...

General partners in a partnership (other than a limited liability partnership), plus anyone who personally owns and operates a business without creating a separate legal entity, are personally liable for the debts and obligations of the business.

General Partner
The partner in a limited or general partnership who is responsible for the management and operation of the partnership.

General partnership
General revenue
Generally Accepted Accounting Principals (GAAP) ...

General Partnership
A business created by the agreement of the parties and one in which the personal liability of each general partner is unlimited.
Gross Sales ...

General Partnership
A arrangement by which partners conducting a business jointly have unlimited liability, which means their personal assets are liable to the partnership's obligations.
The Basics Of Corporate Structure
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See: General Partner; Limited Liability; Limited Partnership
Limited Partnership (LP)
Organization that consists of a general partner and limited partners. The general partner manages one or more projects for which the organization was formed.

If the general partner of a limited partnership does not say which investments the partnership will make, the investment is known as a blind pool.

While a general partnership provides no liability protection and limited investment opportunities, it is easy to create and involves simple tax reporting. Each partner's taxes are based on their own tax levels.

See also: General Partner, Limited Partnership - LP, Partnership, Passive Management, Silent Partner, Subchapter S (S Corporation), Tax Shelter
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In the case of a general partner, net earnings from self-employment include the distributive share of the income or loss from a trade or business carried on by the partnership, Treas. Reg. § 1.1402(a)-2(d).

See: General partnership, limited partnership, and master limited partnership. Partnership agreement A written agreement among partners detailing the terms and conditions of participation in a business ownership arrangement.

See: general partnership, limited partnership, and master limited partnership. Par value Also called the maturity value or face value, the amount that the issuer agrees to pay at the maturity date. Passive investment strategy See: passive management.

performance-based compensation A fee paid to the general partner of a hedge fund as an incentive; the amount... peril Anything with the potential of causing loss. period An interval of time.

person of a thrift institution; (4) a corporation of which a director, officer or controlling person: (a) is chief executive officer, chief financial officer, or a person performing similar functions of a thrift institution, (b) is a general partner ...

Partnerships can be Limited Partnerships or General Partnerships. party in interest An ERISA-specified individual -- such as an administrator, officer, fiduciary, trustee, custodian, ...

General partner
General partnership
General Securities Representative Examination
Generally Accepted Accounting Principals (GAAP)
Generally Accepted Accounting Principles
Generally Accepted Accounting Principles - GAAP ...

KG (German, meaning: "limited partnership") differs from the general partnership in that only the general partner (Komplementaer) has full personal liability for the liabilities of the partnership while the remaining (limited) partners' ...

LIMITED PARTNERSHIP Business entity made up of two types of partners: general partners and limited partners, the extent of whose liability depends on their role and contribution to partners.

General partners are responsible for the day-to-day operations of the business and are personally liable for the partnership's liabilities. Limited partners invest capital in the business and are not involved in management decisions.

or similar business trust, or partnership, not formed for the specific purpose not formed for the specific purpose of acquiring securities offered, with total assets in excess of $5 million; any director, executive officer, or general partner of the ...

LJM would be a private equity fund with Fastow as general partner. The structure was extremely complicated, involving a USD 1MM investment by Fastow and USD 15MM from outside investors. Four SPEs were formed specifically for the deal.

A business arrangement put together and managed by a general partner (which may be a company or an individual) and financed by the investments of limited partners, ...

ACCOUNTING AND DISCLOSURE ISSUES: There are some complex accounting issues raised by the Trust structure and its relationships with an associated Partnership, the managing General partner, the franchise company, ...

Legal entity that consists of a general partner and limited partners. The general partner manages one or more projects for which the organization was formed. Limited partners invest money into the project.

A partnership comprising a general partner and limited partners. The general partner operates the partnership and is fully liable for the de...(Read more)
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If these firms had initially been partnerships, then the general partners could have accepted outside investors as limited partners without running any risk of losing or diluting their control over decision making.

A partnership formed by two or more persons having as members one or more general partners and one or more limited partners.

A limited partnership will have two classes of partners - general partners, and limited (or special) partners. The liability of the limited partner(s) will be limited to the amount of capital they have contributed to the partnership.

(1) Sole proprietor, general partner, officer or director, or person occupying a similar status or performing similar functions, having the power to exercise a controlling influence over the activities of the entity.

Definition: In a limited partnership, general partner who organizes and sells the limited partnership.

An arrangement between a general partner and a limited partner. The general partner manages the project, and collects fees and a percentage of profits and income.

A partnership consisting of one or more general partners plus limited partners in which the general partners manage and control the business affairs of the partnership and where the limited partners are essentially investors who have funded the ...

Limited partnership: A limited partnership is a financial affiliation that includes at least one general partner and a number of limited partners.

It is family controlled by the general partners. A highly appreciated asset is transferred into the FLP to achieve a capital gains tax reduction. Usually, the parents are the general partners holding a 1 to 2 percent interest.

Intended to protect the general partners from liability. Previously, the general partner was a corporation to protect the principals from personal liability. Under the LLLP, an individual could be a general partner and have limited personal liability.

Acts as a general partner of commodity pools. CPOs may hire
independent Commodity Trade Advisors to handle daily trading
decisions. Responsible for the pool's administration, structure, and ...

A partnership in which at least one of the partners is a general partner who conducts the business and has personal liability for the partnership debts, ...

Limited partnership: An organization made up of a general partner, who manages the partnership, and limited partners, who invest money but have limited liability to the organization's creditors.
Liquid: Investments that are easily converted into cash.

a director, executive officer, or general partner of the company selling the securities;
a business in which all the equity owners are accredited investors;
a natural person with a net worth of at least $1 million; ...

A penalty imposed on imported goods that are not promptly cleared through customs.
General partner
A participant who has unlimited liability for the obligations of a partnership.
General partnership ...

A business or investment where limited partners provide capital, share in profits, have limited legal liability, and leave the management of the business to general partners.

OVERRIDING ROYALTY " An arrangement between the general partner and limited partner of an oil and gas program in which the general partner receives a flat fee per barrel produced.

unlimited liability: full responsibility for the obligations of a general partnership
unsecured debt: money borrowed without supplying collateral
upsell: to sell customers a higher-priced version of a product they have bought previously ...

For all general partners, this is true whether you are an active or inactive member of the partnership. For limited partners, you need only to include any guaranteed payments, such as salary or professional fees received during the year.

Full liability for the debt and other obligations of a legal entity. The general partners of a partnership have unlimited liability.
Unlisted security
A security traded in the over-the-counter market that is not listed on an organized exchange.

Private investment partnership or an off-shore investment corporation in which the general partner has made substantial personal investment, and whose offering memorandum allows for the fund to take both long and short positions, ...

See also: Banks, Expense, Funding, Acquisitions, Values