United States GP vs SP
Legal Entity Comparison
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 Legal Entity Comparison
United States Legal Entity Comparison
Basic Information
GP
SP
Ownership:
Consolidated Ownership
Ownership:
Private Ownership
Limited Liability:
Negative
Limited Liability:
Negative
Publicly Participates In Capital Market:
Negative
Publicly Participates In Capital Market:
Negative
Shareholder / Director / Secretary Requirements
GP
SP
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
GP
SP
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
GP
SP
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.
Memo:
In the United States, the laws vary from state to state, so the corresponding minimum registered capital, whether local residents are required to serve as directors, and the requirement for nominating a secretary also vary.
