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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

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.

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.

Alternatives:

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

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