Business Administration

Tag: General Partner

  • Partnership Agreements – Managing, General and Limited Partners

    Partnership Agreements – Managing, General and Limited Partners

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    by

    David J Hoare MSA
    in

    Every partnership consists of at least two or more partners. In many partnerships, there are dozens of partners. Each partner is classed into a particular group. There are Limited Partners, General (sometimes referred to as Operating) Partners and of course somebody who is in charge – the Managing Partner. Each of these classes of partners has…

  • Partnership Agreements – Terminology

    Partnership Agreements – Terminology

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    by

    David J Hoare MSA
    in

    Each of us has our own built in dictionary for terms we hear in our business lives. I find it fascinating that the standard business term ‘Equity’ is interpreted differently within the business world. I often interpret the term using the Internal Revenue Service definition because my background is in taxation. Lawyers use this term to mean ownership…

  • Partnership Agreements – An Introduction

    Partnership Agreements – An Introduction

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    by

    David J Hoare MSA
    in

    There is a tremendous amount of information to convey to fully understand partnership agreements. This is the first in a series of articles related to partnership agreements. Throughout this series I will explain the various sections and issues a small business owner faces in creating a sound and fair agreement with a single or multiple partners.