Generally, silent vs. general partners (GPs) will most commonly come into play when dealing with partnership and/or LLC structures. Both partnerships and LLCs can differ in terms of how profits ...

Personal liability is a major concern if you use a general partnership to structure your business. Like sole proprietors, general partners are personally liable for the partnership's obligations ...

The corporate structure of MLPs can be more complex than a simple split between the limited and general partnership interests. In some cases the general partner may own LP shares. In other cases ...

A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...

We began this structure with a client about 25 years ... Initially, the parents will hold the general partnership interests, say 2%. As general partners, the parents maintain virtually full ...