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general partner vs acting partner

Both 'general partner' and 'acting partner' are correct phrases, but they are used in different contexts. 'General partner' refers to a partner who has unlimited liability and is actively involved in the management of a partnership. On the other hand, 'acting partner' typically refers to a partner who is temporarily assuming the responsibilities of a general partner.

Last updated: March 31, 2024 • 467 views

general partner

This phrase is correct and commonly used in the context of partnerships. A general partner is one who has unlimited liability and is actively involved in the management of the partnership.

Use 'general partner' to refer to a partner in a partnership who has unlimited liability and is actively involved in the management of the business.

Examples:

  • John is a general partner in the law firm.
  • The general partner is responsible for the day-to-day operations of the business.
  • Sheila is a general partner in the real estate development company.
  • The Partnership consists of: the general partner, BDN Sp. z o.o.
  • The investment company usually exercises control by means of the organisational structure, e.g. by controlling the general partner of fund partnerships, or by contractual arrangements, such as advisory agreements, or by a combination of both.
  • This may be the case even if the investment company itself does not own the company acting as a general partner, but their shares are held by natural persons (who may be linked to the investment company) or by a trust.
  • In the case of an investment limited partnership, at least one general partner must be incorporated in Ireland.
  • Komanditná spoločnost' (Limited partnership) re income attributed to a general partner
  • Permanent establishment (for the general partner or fund manager)
  • - for CIEM: general partner and manager acting for BC;
  • GA: general partner of a leading global growth equity firm providing capital and strategic support for growth companies (GA Group),
  • He's a general partner.
  • But, in contrast to the case of the struggling homeowner, not much of those downside costs typically fall on the general partner.
  • The following deductions are made from the undertaking's profits: salary for the general partner (director or manager of the undertaking), interest on equity and risk premium for the previous owners (original shareholders).
  • for CIEM: general partner and manager of the BC Funds, which are themselves private equity funds and certain co-investors;

Alternatives:

  • managing partner
  • active partner
  • full partner
  • unlimited partner
  • partner with unlimited liability

acting partner

This phrase is correct and is used to refer to a partner who is temporarily assuming the responsibilities of a general partner. It implies a temporary or interim role.

Use 'acting partner' to refer to a partner who is temporarily taking on the duties and responsibilities of a general partner in a partnership.

Examples:

  • She is the acting partner while the general partner is on leave.
  • The acting partner will oversee the project until the general partner returns.
  • He was appointed as the acting partner during the transition period.
  • And that's where she sees her acting partner, Ray Polito.
  • The EESC considers it desirable that organised civil society in the Member States, in particular national Economic and Social Councils (ESCs), where these exist, are involved in the implementation of the Lisbon Agenda as acting partners.
  • And as acting managing partner, it's my responsibility to tell you you're sliding.
  • So, as acting managing partner, I propose a toast... to the firm.
  • Ladies and gentlemen, one of the greatest challenges the European Union faces is to build relations with Russia, with both parties acting as partners.
  • You're not acting like a partner.
  • With Parker gone, you know I'm acting managing partner, right?
  • As acting managing partner, can you tell me why my paycheck bounced?
  • Within this context, the European Union ought to be constantly encouraging action targeted at increasing spaces of freedom, democracy and social justice for Kazakh citizens, and not just acting as a trade partner with growing interests.
  • Somalia must have a government capable of acting as a dialogue partner for the international institutions, European Union and all the other states willing to assume an active role in bringing stability to this region.
  • As regards Austria acting as a full partner within the Community, as it has done up to now, nothing will militate against Austria at Community level.
  • Once the Treaty of Lisbon came into force in December 2009, the European Investment Bank became an instrument for supporting the European Union's external policies, while also acting as an important partner for driving the Union's economy.
  • This may be the case even if the investment company itself does not own the company acting as a general partner, but their shares are held by natural persons (who may be linked to the investment company) or by a trust.
  • This Palestinian agreement is a key political event, and contrary to what has just been said here, Hamas has, for the first time, agreed to the PLO and the Palestinian Authority acting as its negotiating partners.
  • Your partner's acting weird.
  • So Nike is literally acting as a well-being partner, a health and fitness partner and service provider.
  • This without prejudice to the standard practice that there is just one project leader acting as the Commission's partner.
  • The representatives shall be appointed by the Commission, acting upon proposal from the relevant social partners at Community or sectoral level.
  • The Commission believes it is acting in the interests of the ACP countries, but it must understand that negotiations between unequal partners create suspicion in the weaker partner.
  • - for CIEM: general partner and manager acting for BC;

Alternatives:

  • interim partner
  • temporary partner
  • substitute partner
  • stand-in partner
  • fill-in partner

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