United States LP vs GP
Legal Entity Comparison
Time of Update: 2026-03-31
LP is a legal entity composed of at least one general partner and one limited partner, with the full name Limited Partnership and the abbreviation LP. It belongs to a legal entity in the United States, with ownership being combined and without limited liability. LP is not allowed to participate in the market publicly, and it requires at least one shareholder and at least one director. Unlike other legal entities, LP does not need to designate a legal representative and does not require a local person to serve as a director, but the specific situation still needs to be determined according to the laws of different states. In addition, LP does not need a company secretary but still needs to be determined according to the laws of different states. The minimum registered capital is also determined according to the laws of different states, and there is no capital verification requirement. Overall, LP is a legal entity with relatively high flexibility, but the specific situation still needs to be determined according to the laws of different states.
United States Legal Entity Comparison
United States Legal Entity Comparison
Basic Information
LP
GP
Ownership:
Consolidated Ownership
Ownership:
Consolidated Ownership
Limited Liability:
Negative
Limited Liability:
Negative
Publicly Participates In Capital Market:
Negative
Publicly Participates In Capital Market:
Negative
Shareholder / Director / Secretary Requirements
LP
GP
Requirements For Shareholders:
At least one
Requirements For Shareholders:
At least one
Requirements For Directors ::
At least one
Requirements For Directors ::
At least one
Legal Representative Not Mandatory:
Positive
Legal Representative Not Mandatory:
Positive
Local Directors Not Mandatory:
See Memo
Local Directors Not Mandatory:
See Memo
Local Secretaries Not Mandatory:
See Memo
Local Secretaries Not Mandatory:
See Memo
Registered Capital Requirement
LP
GP
Minimum Registered Capital Requirement:
Depends on the specific state
Minimum Registered Capital Requirement:
Depends on the specific state
Capital Injection Not Required:
Positive
Capital Injection Not Required:
Positive
Capital Injection Requirement:
N/A
Capital Injection Requirement:
N/A
Memo
LP
GP
Memo:
"In the United States, the laws vary among different states, so the corresponding minimum registered capital, whether local residents are required to serve as directors, and the requirement for a nominated secretary also vary."
Memo:
The laws in different states of the United States vary, so the corresponding minimum registered capital, the requirement for local residents to act as directors, and the need for a nominated secretary also differ.
