United States GP vs LLC
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
LLC
Ownership:
Consolidated Ownership
Ownership:
Consolidated Ownership
Limited Liability:
Negative
Limited Liability:
Positive
Publicly Participates In Capital Market:
Negative
Publicly Participates In Capital Market:
Negative
Shareholder / Director / Secretary Requirements
GP
LLC
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:
Positive
Local Secretaries Not Mandatory:
See Memo
Local Secretaries Not Mandatory:
Positive
Registered Capital Requirement
GP
LLC
Minimum Registered Capital Requirement:
Depends on the specific state
Minimum Registered Capital Requirement:
1 US dollar
Capital Injection Not Required:
Positive
Capital Injection Not Required:
Positive
Capital Injection Requirement:
N/A
Capital Injection Requirement:
N/A
Memo
GP
LLC
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:
N/A
