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Real Estate Glossary

General partner

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Written by Luis Escobar

Also referred to as GP, a general partner is a member of a limited partnership that holds the responsibility for the actions of the business. They have the power to legally bind the business, and they are also liable for all of the business’ obligations and debts.

Also referred to as GP, a general partner is a member of a limited partnership that holds the responsibility for the actions of the business. They have the power to legally bind the business, and they are also liable for all of the business’ obligations and debts.

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Luis Escobar

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