Who is defined as a general partner in a partnership?

A general partner in a partnership is defined as someone who has personal liability for the debts and obligations of the partnership. This means that if the partnership cannot meet its financial obligations, creditors can pursue the personal assets of the general partner to satisfy those debts. General partners actively manage the partnership and are involved in its decision-making processes, making them fully responsible for the business's financial standings.

In contrast, a partner with limited liability would not share this level of risk, as their financial responsibility is confined to their investment in the partnership rather than their personal assets. Similarly, merely sharing profits does not define a partner as a general partner since profit-sharing can occur among various types of partners and does not imply personal liability. A partner without decision-making authority would not qualify as a general partner either, as general partners typically have active roles in managing the business and making strategic decisions.