What is the difference between a general partnership and a limited partnership?

What is the difference between a general partnership and a limited partnership?

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Answer

• In general partnership, each partner has unlimited liability to the actions of the partnership as well as other partners and each partner has total liability for debts and actions of the partnership. On the other hand, in limited liability partnership, partners have limited liability for debts of the business only to the extent to their investment.
  Explanation:
  In general partnership, the partners can participate in managerial role while in limited partnership, the partners have no engagement or input towards the management of the organization. General partnership structure is more complex than the limited partnership structure. General partners have unlimited personal liability while limited partners have limited personal liability.