Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
This question is about what a manager/partner does and manager/partner.
Yes, a managing partner is an owner. The managing partner is effectively both an owner and a manager. They are involved in high-level discussions creating the company's strategies as an owner.
A managing partner represents an individual who has an ownership interest in a company and manages its day-to-day business activities.
This position exists within companies structured as partnerships and limited liability companies (LLC). They play a more active role than other partners, including general, nominal, or silent partners.
A managing partner functions similarly to a CEO, as these professionals implement and manage strategies that promote their organization's mission and vision. While a CEO reports to a board of directors, the managing partner reports to an executive committee of other partners for approval.
The managing partner collaborates with this committee or takes their direction to set organizational goals. This professional ensures that the business meets these goals and operates smoothly.
Some managing partner ownership responsibilities include:
Setting organizational strategies and goals
Implementing organizational policies and procedures
Monitoring day-to-day business operations
Reviewing financial activities, including accounting tasks, budgets, financial statements, and reports
Overseeing hiring and firing activities, along with payments and evaluations
Ensuring the business complies with relevant laws and regulations
Assessing organizational and personnel performance, implementing changes as needed for improvements

Zippia allows you to choose from different easy-to-use templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.