United States GP

United States GP

General Partnership

Time of Update: 2026-03-31

GP is a partnership formed by two or more individuals or entities, with ownership and responsibilities shared by the partners. GP does not need to raise funds from the public, nor does it need to be listed on the stock exchange, and therefore does not require public market participation. According to US law, GP does not need to designate a legal representative, nor do they need to have locals serve as directors, but some states may require the designation of a corporate secretary. The minimum capital requirements also vary by state, but typically do not require verification of capital.

United States GP Basic Information

Ownership:

Consolidated Ownership

Limited Liability:

Negative

Publicly Participates In Capital Market:

Negative

United States GP Shareholder / Director / Secretary Requirements

Requirements For Shareholders:

At least one

Requirements For Directors ::

At least one

Legal Representative Not Mandatory:

Positive

Local Directors Not Mandatory:

See Memo

Local Secretaries Not Mandatory:

See Memo

United States GP Registered Capital Requirement

Minimum Registered Capital Requirement:

Depends on the specific state

Capital Injection Not Required:

Positive

Capital Injection Requirement:

N/A

United States GP Memo

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.

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