Structuring Syndicated, JV, and Sole Propietorship Equity?
Beginning from the terms Member/GP and Manager/LP, a syndication would have an equity split between the GPs and LPs that is heavily favored towards to the LPs, a JV would be an equity split among multiple GPs alone, and a sole propietorship would have one GP. Only a syndication has LPs. Are both of these statements correct? I am trying to understanding this from a model focused on syndication. Thank you for the input.