Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a general partner?

April 26, 2017partner

0

10 Posted

What is a general partner?

3 Answers

0

Posted

A Limited Partner is a passive investor in a business. A Limited Partner does not manage the business and has limited liability towards debts and obligations of the business to the amount contributed. A General Partner is responsible for the management of the business. A General Partner has unlimited liability for the debts and obligations of the business and has the power to bind the Limited Partnership.

0

Posted

A general partner oversees all aspects of the hedge fund partnership including the investment strategy, daily operations, and legal/accounting matters. The general partner invests its own capital along with the capital of the limited partners.

0

Posted

A general partner is responsible for the management of the business. A general partner has unlimited liability for the debts and obligations of the business and has the power to bind the limited partnership.