The partner in a limited partnership or general partnership that manages the daily business operations and therefore is responsible for the business debts. A general partner can be an individual or an entity.
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General Partner
General Partner
The partner in a limited partnership or general partnership that manages the daily business operations and therefore is responsible for the business debts. A general partner can be an individual or an entity.
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Governing Instrument
The private agreement created by a grantor of a trust that governs the operations of the trust and the rights and responsibilities of the trustees and beneficiaries.
Gross Assets
The sum total of all assets of an entity, before deducting any expenses or taxes.
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