Here is my question, please answer in your own words at least 6-7 lines.

1) How are general partners liable for the obligations of the partnership?

opo DE Aei o oi . bulaqo NVHL Booster BV BAHIN XORITY NEVUSTOLAN OLT BY SURRERTE SLATAN-HY-3LNOSNO 15 ERO Gauss BUSINESS ENVIRONMENT mited Partner 305 Liability of Limited Partnerships, General Partners, and Limited Partners 147 Describe the liability of limited to ships and the ability of general partners and CHAPTER 14 Small Business, General Partnerships, and Limited Partnership Permited Management Powers Dissolution and Winding Up of Limited Partnerships 14.8 Describe the dissolution and winding up of limited partnerships CONTEMPORARY ENVIRONMENT.Family Limited Partnership limited partner of a limited partnership, Limited Liability Limited Partnership 14.9 Define a limited liability limited partneri und describe the liability of part One of the most fruitful source of ruin to a man of the twirld is the recklessness or want of principle of partners, and it is one of the perils to vehich every man unposes himself telo enters into partnership Channel WAT TINCINTE Introduction to Small Business, General Partnerships, and Limited Partnerships A person who wants to start a business must decide whether the business should were as one of the major forms of business organization of proprietorship, moral partnership, limited partnership. limited liability partnership, limited Mobility limited partnership, limited liability company, and corporation under other wailable legal business forms. The selection depends on many face s, including the case and cost of formation, the capital requirements of the busi- hes, the flexibility of management decisions, personal liability, tax considerations, wment restrictions, and the like This chapter discusses small businesses, entrepreneurship, sole proprietorships, oral partnerships, limited partnerships, and limited liability limited partier lips Limited liability companies and limited liability partnerships are discussed in Chapter 15 Corporations are discussed in Chapter 16 It has been informad downx Court, as far back as a can remember this soulful is the best all Teide ransaction Justice Buller Simone 78 entrepreneur A person who forms and operates antw business ether by himself herself or with others Entrepreneurship 14.1 Define entrepreneurship and describe the types of businesses that an entrepreneur can use to operate a business An entrepreneur is a person who forms and operates a business. An entrepreneur muy start a business alone or may cofound a business with others. Most businesses started by entrepreneurs are small or midsize businesses Damples Business and service firms such as retail stores, merchants, restaurants, wholesale distributors, and transportation companies technology businesses such is developers of media and software, internet businesses, financial technology and other electronic-related companies professionals such as lawyers, doctors, dentists, insurance and real estate agents service providers such as plumbers, elec- Triclans, contractors, and building trides: and other businesses and professions, Some entrepreneurial startups grow into substantial organizations Examples Bill Gates and Paul Allen started Microsoft Corporation, which grew into dant software company Mark Zuckerberg and others founded Facebook, Inc. un extremely successful social networking service Oprah Winfrey started her own