Managing partner

English translation: one of the partners who is also the manager of the business

12:35 Apr 1, 2017

English language (monolingual) [Non-PRO]
Bus/Financial - Law (general)

English term or phrase: Managing partner

What does it mean exactly?
How many managing partners can a company have?
If only one, can the same company have other kind of managers?
I'm really confused.
Thank you.

Mariam Moaz KudoZ activity Questions: 27 (none open) (2 without valid answers) (5 closed without grading) Answers: 1 Egypt
Local time: 17:15

Selected answer:one of the partners who is also the manager of the business

Explanation:
A business may have any number of 'partners', but not all of them will necessarily be actively managing the business.

It is certainly possible for more than one partner to have a hand in the management.

And yes of course, there may be very many other types of managers in a business — but they would usually be lower down in the hierarchy since they are not partners (which obviously would give them more 'status' in the organization!)

Selected response from:

Tony M
France
Local time: 17:15

Grading comment

4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

3 +4

one of the partners who is also the manager of the business

Tony M

Summary of reference entries provided

http://www.businessdictionary.com/definition/managing-partner.html

AllegroTrans

Answers

4 mins confidence:

peer agreement (net): +4

managing partner

one of the partners who is also the manager of the business

Tony M
France
Local time: 17:15
Native speaker of:

English
PRO pts in category: 84

Notes to answerer

Asker: Oh! Thank you so much. that's been so useful.

Asker: *That :D

Reference comments

2 hrs

Reference: http://www.businessdictionary.com/definition/managing-partner.html

Reference information:
managing partner
Definition
Popular Terms
The highest formal job title given to a senior partner in charge of a firm's overall practice, management and day-to-day operations. A managing partner is roughly equivalent to a chief executive officer of a corporation in terms of duties and responsibilities, but in a partnership or small firm and not a corporation. This job title is commonly used in accounting and law firms.

Read more: http://www.businessdictionary.com/definition/managing-partne...

AllegroTrans
United Kingdom
Specializes in field
Native speaker of:

English
PRO pts in category: 31

Note to reference poster

Asker: Thank you for your effort.

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Managing partner

English translation: one of the partners who is also the manager of the business

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Managing partner

English translation: one of the partners who is also the manager of the business

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