general partner
Unlimited liability investor
A general partner is a member of a partnership who participates in management and bears unlimited personal liability for the partnership's debts.
In a limited partnership, at least one general partner runs the business while limited partners contribute capital without management authority: The general partner made all operational decisions.
The role carries both control and risk.
- unlimited liabilityPersonal obligation for all debts
- on the hookBearing responsibility for something
- skin in the gamePersonal risk in outcome
- managementOrganizing and directing resources
- active managementStrategic investment decision-making
fiduciary duty · decision-making · joint venture · personal liability · operations · voting rights · succession planning · risk exposure · strategy · delegation · indemnity · financial planning · bankruptcy protection · leadership · legal compliance · insurance coverage · ethical standards · strategic alliance
- business operatorsowner, CEO, founder, manager, entrepreneur
- partnersassociates, collaborators, colleagues, co-workers, coworkers
- supportersfan, patron, supporters, backers, backer
- business ownershipowner, sole proprietor, sole proprietorship, co-owner, proprietor
- partnershipsalliance, joint venture, joint ventures, cooperation, co-founder
- Hedge Fundsoffshore fund, management fee, high water mark, hurdle rate, NAV
general partnerlimited partner
Investor with capped liability
silent partner · LP · sleeping partner · investor · shareholder
general partnerpassive investor
One who tracks, not trades
silent partner · sleeping partner · limited partner · absentee owner · angel investor
general, partner, generals, generally, generalize, generalization, generality, generalship, partners