 Hello in this lecture, we will define general partner according to fundamental accounting principles while the 22nd edition the definition of general partner is Partner who assumes unlimited liability for the debts of the partnership Responsible for partnership management when we're thinking about a general partner We're typically thinking about a general partnership If we have two or more individuals that enter into a partnership start doing business together We generally have a general partnership and the partners within that partnership would then be general partners as opposed to something like a limited partner a partner who it's typically more of an investor and The limited partner the benefit to the limited partner is that they're able to invest and because they're not actively involved in participation in the day-to-day activity and decision making they do not have the same type of liability Responsibility as the general partner general partners as sole proprietors similar to sole proprietors Have a liability of what they enter into the business and they also have liability exposure to their personal assets As opposed to a limited partner who does not have the exposure to the personal assets However, does has exposure to what is invested into the partnership