General Partner
From LawDepot Law Library
Definition of "General Partner"
A general partner is a partner who contributes money to a partnership, likely has a say in the day-to-day operations of the partnership, and has unlimited liability for the debts and obligations of the business. A limited liability partnership must have at least one general partner who will have unlimited liability for the debts and obligations of the partnership. All partners in a general partnership are general partners and all have unlimited liability.
"General Partner" is referred to in the following legal documents:
Notice of Withdrawal from Partnership
