Answer:
The difference is that in a general partnership every partner is fully responsible for the business's debts.
Step-by-step explanation:
- The business arrangement where at least two people are proprietor of a business is called general partnership.
- Every partner has equal power in general partnership.
- A limited partnership is different from a general partnership in that it requires a partnership agreement.
- A limited partnership has the provision of limited and general partners
- A limited partner does not have the power to operate the business.They are the investors.
- The general partners have the jurisdiction to run the business.