general partner

In the Netherlands a general partner refers the partner in a limited partnership A business entity which consists of one or more general partners and one or more limited partners.
» Meer over limited partnership limited partnership that is responsible for the daily operations of the business.

Limited partnership

A limited partnership (under the Law) consist of at least one general partner and at least one limited partner The partner in a limited partnership (formed under the Law) who is not involved with the daily operations of the business but acts as a capital investor
» Meer over limited partner limited partner. The limited partner is only financially involved in the company (as investor) but has no managerial rights. The liabilities of the limited partner are limited while the liabilities of the general partner are unlimited.

If there are more general partners in a Limited partnership, the general partners form between themselves a general partnership (under the Law).