Question

what happens in a general partnership, but not a limited partnership?
o there is only partner who is responsible for the businesss debts.
o each partner may own as much of the companys profit
o each partner is fully responsible for all the businesss debts.
o it requires all partners to make the business decisions collectively.

Explanation:

In a general partnership, each partner has unlimited liability and is fully responsible for all the business's debts. In a limited - partnership, limited partners have limited liability and are not fully responsible for all debts. The first option is incorrect as in a general partnership all partners can be liable, not just one. The second option is a feature of both types of partnerships. The fourth option is not exclusive to general partnerships as limited partnerships may also have collective decision - making in some aspects.

Answer:

Each partner is fully responsible for all the business's debts.