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  3. 1. a general partner: a. has less legal liability

1. A general partner: a. has less legal liability than a limited partner. b. can...

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Accounting

1. A general partner:

a. has less legal liability than a limited partner.

b. can end the partnership by withdrawing.

c. faces double taxation whereas a limited partner does not.

d. cannot lose more than the amount of his/her equity investment.

e. is the term applied only to corporations which invest in partnerships.

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