Question

how is a general partnership different from a limited partnership? type your answer here rewatch submit

Explanation:

In a general partnership, all partners have unlimited personal liability for the partnership's debts and obligations, and they all participate in managing the business. In a limited partnership, there are general partners (with unlimited liability and management duties) and limited partners (whose liability is limited to their invested capital and who don't manage the business).

Answer:

In a general partnership, all partners have unlimited personal liability for the partnership’s debts/obligations and share management responsibilities. In a limited partnership, there are general partners (with unlimited liability and management roles) and limited partners (liability limited to their investment, no management role).