"OpenAI LP is a for profit Delaware Limited Partnership managed by its General Partner, a single-member Delaware LLC controlled by OpenAI Inc (the nonprofit)'s Board of Directors."
Could someone explain this, and why specifically LP and LLC are the corporate entities?
"OpenAI LP is a for profit Delaware Limited Partnership managed by its General Partner, a single-member Delaware LLC controlled by OpenAI Inc (the nonprofit)'s Board of Directors."
Could someone explain this, and why specifically LP and LLC are the corporate entities?