Limited partnership realizes the separation of enterprise management right and capital contribution right, and can combine the advantages of enterprise management and capital, so it is the main organizational form of foreign private equity funds. Blackstone Group and Sequoia Capital, which we are familiar with, are both partnership enterprises.
Differences and advantages of the two:
1. The general partner shall not trade with the enterprise, unless otherwise agreed in the partnership agreement or by all partners; Limited partners may conduct transactions with the Enterprise, unless otherwise agreed in the partnership agreement;
2. The general partner shall not engage in business competing with the partnership on his own account or with others; Limited partners can, unless otherwise agreed in the partnership agreement;
3. The partnership agreement of a general partnership enterprise shall not stipulate that all profits shall be distributed to some partners; A limited partnership enterprise shall not distribute all profits to some partners, unless otherwise agreed in the partnership agreement;
4. If the general partner pledges his share of the property in the partnership, it must be unanimously agreed by other partners; Without the unanimous consent of other partners, its behavior is invalid; A limited partner may pledge his share of property in a limited partnership, unless otherwise agreed in the partnership agreement.
Tips: The above information is for reference only.
Reply time: 2022-0 1- 18. Please refer to the latest business changes announced by Ping An Bank in official website.