general partner

A general partner is an individual or entity in a business partnership who has unlimited liability and is actively involved in managing the partnership. They make decisions, run day-to-day operations, and are responsible for any debts or obligations the business incurs. General partners share profits with any limited partners but face more risk since they can be held personally liable for the business's financial obligations. This contrasts with limited partners, who typically invest money but have restricted involvement in management and limited liability.