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general partner vs active partner

Both 'general partner' and 'active partner' are correct phrases, but they have different meanings and 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, 'active partner' generally refers to a partner who is actively involved in the day-to-day operations of a business, but it does not necessarily imply unlimited liability.

Last updated: March 31, 2024

general partner

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

This term is used in the context of partnerships to refer to a partner who has unlimited liability for the debts and obligations of the partnership and is actively involved in its management.

Examples:

  • The general partner is responsible for making key decisions for the partnership.
  • As a general partner, he shares in the profits and losses of the business.
  • 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 managing partner
  • full partner
  • equity partner
  • partner with unlimited liability

active partner

This phrase is correct and commonly used to refer to a partner who is actively involved in the day-to-day operations of a business. It does not necessarily imply unlimited liability.

This term is used to describe a partner who is actively engaged in the operations and decision-making of a business, but the level of liability may vary depending on the partnership agreement.

Examples:

  • She is an active partner in the law firm, handling client consultations and case management.
  • The active partners meet regularly to discuss business strategies.
  • Secondly, in a globalised world, Europe must be an active partner in the creation of a new international framework involving the main partners.
  • This has led, however, to a situation where participants consider themselves to be contractors for the Commission or where the Commission is seen as an active partner in the consortium.
  • I want to stress the work of the Internal Market Committee as an active partner in the better regulation process.
  • Calls on UNMIS to undertake a more proactive civilian protection role and to become an active partner in local conflict prevention, in cooperation with tribal authorities;
  • The European Parliament has helped develop the strategy both through its resolution of 20 January 2010 and the activity of its Danube Forum, and will continue to be an active partner as well in implementing and updating it.
  • As such, it should be an active partner in the overall EU training management,
  • to give the highest political and diplomatic priority and accordingly grant the fullest support, through the various bilateral and multilateral forums in which the EU is an active partner, to all initiatives aimed at:
  • (5) The ESDC should be a key training actor providing training in the field of ESDP with a special focus on ESDP training courses at strategic level. As such, it should be an active partner in the overall EU training management,
  • The EESC has also been an active partner in the EU's Barcelona process, which may constitute a useful basis to build on.
  • The European Union must become an active partner capable of formulating and submitting coordinated, innovative proposals to alleviate the burden of external debt of Latin American countries.
  • However, Parliament will have to be an active partner, taking account of the Commission's demands.
  • Civil society has a central role in building support for and ensuring compliance with smoke-free measures, and should be included as an active partner in the process of developing, implementing and enforcing legislation.
  • Madam President, Morocco is a positive and active partner of the European Union, and it is also a strategic and fundamental ally in containing radical Islamic fundamentalism.
  • The multinational force requested by the Organization of African Unity must find in the European Union an active partner enabling this terrible crisis to be resolved using appropriate means and actions.
  • I believe that under this new framework agreement, Parliament is a more active partner in building the European project, as it can fulfil its powers more completely, effectively and responsibly.
  • As has been said, Tunisia was the first Euro-Mediterranean country to sign an association agreement, and is an active partner in the European Neighbourhood Policy.
  • Violence has reared its head, though, and Hariri's death has demonstrated the urgent need for the EU to strengthen its role as an active partner.
  • The Barroso Commission Mark II will be the first to operate under the Treaty of Lisbon, with the European Parliament enjoying extended powers, making it a more visible and active partner than ever.
  • I therefore want to thank the Prime Minister and the EU Minister for their clear determination to make Sweden a more active partner in the Union, to have its place at the heart of European integration, as the Prime Minister said.
  • This gives us an opportunity to be an active partner where enlargement to include the countries in Central and Eastern Europe is concerned and when it comes to helping establish peace and prosperity in Serbia and the former Yugoslavia.

Alternatives:

  • participating partner
  • involved partner
  • working partner
  • engaged partner
  • operating partner

Related Comparisons

general information partner vs main information partner firstly vs at first test1 vs test2 firstly vs first of all firstly vs first initially vs firstly

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