The Crucial Difference Between General Partners & Limited Partners

What are the differences between general partners and limited partners? Ted Sutton walks you through them in this video.

Here’s the general partner definition. General partners defined as the individuals who have management control, but are also responsible for the partnership debt. As such, they are subject to personal liability.

On the other hand, limited partners defined as individuals who are passive, and face no unlimited liability.

The advantage of partnerships comes in handy when using multifamily syndications, a family limited partnership, and when people wholesale real estate.

This video also provides the difference between general partner vs limited partner, and limited partner vs general partner.

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DISCLAIMER: The contents of this video are NOT LEGAL ADVICE and do not apply to your specific circumstances. This information is provided for general informational and educational purposes only. Viewing this video DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. We highly encourage you to seek professional legal advice before acting or relying on any information contained in this video.