For a business organized as a general partnership,which statement is true?

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In a general partnership, each partner is personally liable for the debts and obligations of the business. This means that if the business is unable to pay its debts, creditors can go after the personal assets of the partners to satisfy those debts. The other statements are not true for a general partnership - the owners and the business are not separate legal entities, there is no charter required for formation, and a partnership is considered a separate accounting entity.

For a Business Organized as a General Partnership,which Statement Is