Managing Partner

Managing partners are customarily a general partner in a partnership.  The managing partner is tasked with running the partnership including setting the goals, milestones and managing human resources. This individual is responsible to make the day-to-day decisions and maintain the legal compliance with all governmental authorities.

Partnership Agreements – Managing, General and Limited Partners

Partnerships

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 some form of financial, fiduciary and appointed powers. 

Partnership Agreements – An Introduction

Partnership Agreements

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.

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