Define general partnership. general partnership synonyms, general partnership pronunciation, general partnership translation, English dictionary definition of general partnership. n. A business partnership in which each of the partners is liable for the
In the context of private equity (PE), the general partner, or GP, refers to the PE firm that manages a private equity fund. These funds are usually set up as general partnerships with the third party investors being the limited partners and the PE firm acting as the GP. In addition to...
The meaning of PARTNERSHIP is the state of being a partner : participation. How to use partnership in a sentence.
The meaning of GENERAL PARTNER is a partner whose liability for partnership debts and obligations is unlimited.
How to use general partnership in a sentence What is the principal distinction between limited and general partnership? Cyclopedia of Commerce, Accountancy, Business Administration, v. 3 | Various Partners in a general partnership are each liable, individually, for the full amount of the firm's ...
Examples of Partnership John and Tom run a law firm together. They are both general partners and share profits and losses equally. Mary and Jane formed a limited partnership to start a restaurant. Mary is the general partner, and Jane is the limited partner who provides capital but has no ...
general partnershipN(Jur) →sociedadfregularcolectiva General Post OfficeN(Brit) (Govt) (formerly) →Correosm; (=main post office) →oficinafdecorreos general practiceN(Brit) (Med) (=work) →medicinafgeneral; (=group) →consultoriommédico ...
Partnership at will: Partnership existing as per the will of the partners. Particular partnership: When the partnership is created, to carry on a certain project, for a specified time. By liability: General Partnership: Partnership in which partners have unlimited and joint liabilities. All the pa...
Partnership assets and liabilities Fiduciary duties of partners and the partnership Profit allocations and voting rights Individual Decision-Making In a general partnership, each partner has the agency to unilaterally enter into binding agreements and business deals, and all other partners are bound by ...
Designation of which parties are general partners or silent partners Terms for buying out the ownership stake held by a silent partner or otherwise dissolving the partnership The Bottom Line A silent partner is an individual in a business partnership whose involvement is limited to providing capital....