A general partner acts on behalf of a business, and generally has the power to make decisions with or without the permission of the other partners.

Nov 21, 2025 · What Is General Partner? A general partner is one of two or more investors who jointly own a business that is structured as a partnership, and who assumes a day-to-day role in managing it.

2 days ago · A general partnership is a business entity made of two or more partners who agree to jointly establish and run a business. If you're going into business with someone, you might consider …

Nov 23, 2025 · The General Partner (GP) is the central operating and liability-bearing entity within a specific business structure, most commonly the Limited Partnership (LP). This role is fundamental in …

May 25, 2021 · A general partnership is an unincorporated business with two or more owners. Each partner is liable for business debts and reports the profits on their taxes.

May 13, 2025 · A general partner (GP) is an individual or entity that participates in managing a partnership and assumes unlimited personal liability for the partnership's debts and obligations. …

General partners finance the general partnership through the partners’ own personal resources. This grants general partners easy access to capital; partners can withdraw their investment at any time by …

Aug 27, 2025 · A general partnership (GP) is a simple form of business in which two or more individuals share ownership, profits, and liabilities without forming a…

Mar 15, 2024 · A general partner is a crucial part-owner of a partnership business, actively involved in operations and profit-sharing.

A general partner is a fiduciary, meaning they hold a position of special trust and confidence. The law requires them to act with the highest degree of good faith and fairness toward the partnership and …