Learn about general partners, their roles in management, examples of their work scope, and the benefits and liabilities in a partnership.

Many small businesses and investment vehicles are structured with partners. Technically, a business partnership is created when two or more individuals come together for a specific business purpose.

Who Is A General Partner? In venture capital, a general partner (GP) is an individual or a group of individuals who are responsible for managing a venture capital fund. The GPs are experienced ...

Limited partnerships (LPs) are a specific type of business structure that consists of at least one general partner and one or more limited partners. The general partner typically assumes full ...