What liability does a general partner have in a limited partnership?

• A. No personal liability
• B. Jointly and severally liable for debts, and personally liable for all activities of the partnership
• C. Only liable for their own contracts
• D. Liable only if the partners are inactive

Answer: (B)

In a limited partnership, those who manage the business—the general partners—face unlimited personal liability for the partnership’s debts and obligations. This means creditors can pursue them personally for the full amount owed, not just a share. The term joint and several liability highlights that any one general partner can be held responsible for the entire debt, with others potentially contributing their share later. They are personally liable for the partnership’s activities, not just for contracts they personally sign.

That’s why the best answer states they are jointly and severally liable for debts, and personally liable for all activities of the partnership. The other choices don’t fit: there is personal liability for general partners, they aren’t liable only for their own contracts, and liability isn’t dependent on whether partners are active or inactive.