General Partner at Investment Glossary

What is it? A business partner who maintains unlimited liability. As such, this partners personal assetsmay besubject to liquidation in order to meet the entitys obligations. Often serves as the managing partner, active in the businesss day-to-day operations. In limited partnerships, only one of the partners serves as general partner. The other partners have limited liability,meaning their personal assets are not at risk.

Investing Definition & Term Added By: Taylor

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