General Partner
(n) General Partner is the person who has agreed or entered in to an agreement to share the liabilities or debts owned by the partnership firm.
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General Partner: Usually one of the owners and operators of a partnership, which is a joint business entered into for profit, in which responsibility for management, profits and, most importantly, ...
General partners: Owners of a partnership who are responsible for the management of the partnership, receive a share of the partnership's profits and losses, ...
GENERAL PARTNER: One of two kinds of partners in a limited partnership. A general partner has the right to participate in the management of the partnership and has unlimited personal liability for its debts.
general partner
A person who joins with at least one other to own and operate a business for profit -- and who (unlike a corporation's owners), is personally liable for all the business's debts and obligations.
General partnership
Definition
: a partnership in which each partner is liable for all partnership debts and obligations in full regardless of the amount of the individual partner's capital contribution
compare limited partnership in this entry ...
general partner
n. 1) usually one of the owners and operators of a partnership, w...
general plan
n. a plan of a city, county or area which establishes zones for d...
general partner - The person who is personally liable for all the debts of a business which is operated as a limited partnership. This person is also responsible for the management of the business.
General partnerships are properly such, where the parties carry on all their trade and business for their joint benefit and profit; and it is not material whether the capital stock be limited or not, ...
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Genetic Information Nondiscrimination Act (GINA)
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General partners share all personal liability for a business's operations and debts. Limited partners are not responsible for day-to-day operations of the business and are limited in their personal liability for partnership debts.
Commercial companies in Italy are of three kinds: - (1) General partnerships, in which the members are liable for all debts incurred; (2) companies in accomodita, ...
In the ordinary case, a limited partnership will consist of a general partner that will control the business and limited partners who will have made financial or other contributions but who will not be actively involved in the business.
insider (of an individual debtor) Any relative of the debtor or of a general partner of the debtor; partnership in which the debtor is a general partner; general partner of the debtor; or a corporation of which the debtor is a ...
Limited Partnership
A partnership consisting of one or more general partners who conduct the business and are responsible for losses, and one or more special partners, contributing capital and liable only to the amount contributed.
The key difference between a general and limited partner concerns management decision making-general partners run the business, and limited partners, who are usually passive investors, are not allowed to make day-to-day business decisions.
Example: Abel and Baker are General Partners. Together they borrow (or the Partnership borrows) $10,000 from a bank, agreeing to joint and several liability. Upon Default the bank can collect the remaining balance of the $10,000 from either party.
The partnership, sometimes called a "general partnership".
The limited partnership (LP).
The limited liability partnership (LLP).
The corporation (Inc.,Co.,Corp.).
The limited liability company (LLC,Ltd.).
LIMITED PARTNERSHIP: A partnership with two kinds of partners: limited partners, who provide financial backing and have little role in management and no personal liability, and general partners, ...
 See also: Partnership, Law, Person, Information, State
  
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