What is a characteristic of a general partner?

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A general partner is characterized by the fact that they are personally responsible for partnership debts. This means that they carry unlimited liability, which exposes their personal assets to risk if the partnership cannot meet its financial obligations. Unlike limited partners, who have restricted liability to the extent of their investment in the partnership, general partners must manage the partnership and are accountable for its debts and obligations.

This characteristic is critical in distinguishing between the roles and responsibilities within a partnership structure. General partners have the authority to make decisions and operate the business, which further reinforces their responsibility for any debts incurred during the business operations.

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