A general partner manages the daily
operations of the limited partnership and is personally responsible for the liabilities of the LP.
Not exact matches
Your business's legal form
of operation (sole proprietorship,
partnership, corporation or
limited liability company), when it was founded, the principal owners and key personnel
«Sloan is not independent under these rules because
of his interest in a
limited partnership from which the Company leases space for
operation of three
of our retail stores.»
The Board has determined that Mr. House and Ms. Reisman are independent under the NYSE listed company rules and applicable law and that Mr. Sloan is not independent under these rules because
of his interest in a
limited partnership from which the Company leases space for
operation of three
of our retail stores.
Thus business is most times structured as
limited partnerships, with partners taking an active role in the
operation of portfolio companies.
My estate planning practice includes drafting documents including wills, revocable trusts, powers
of attorney, health care directives, pre - and post-marital agreements, irrevocable life insurance trusts (ILITs), intentional defective grantor trusts (IDGTs), grantor retained annuity trusts (GRATs), all types
of partnership agreements and documents related to the formation and
operation of limited liability companies (LLCs).
Turnover at Hogan Lovells International, which encompasses all
of the firm's
operations outside
of the US, rose 8 % last year, while profit per equity partner (PEP) jumped 25 %, the firm's
limited liability
partnership accounts have shown.
We represent a wide range
of privately and publicly - held corporations, as well as
partnerships, joint ventures,
limited liability companies, and sole proprietorships in their business
operations.
Bajaj Allianz is a joint
partnership between the Allianz SE group and Bajaj Finserv
Limited to commence its
operations in the name
of Bajaj Allianz General Insurance Company in 2001 with over 200 branches in India.
You would normally see a General
Partnership where the GP (aka key principals or sponsors) finds the property; establishes a business plan to improve
operations / renovate / etc to increase the NOI; puts together a
partnership agreement that establishes the R&R s
of the General Partner and
Limited Partners (investors), projects 5 yr financial / investment returns expected, etc..