In a general partnership, all owners have unlimited liability for the debts and obligations of their firm.

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In a general partnership, all partners are personally liable for the debts and obligations of the business, including any lawsuits or legal claims. This means that the partners' personal assets can be used to pay off the firm's debts, without limit or exemption. Therefore, the level of liability is unlimited for all partners in a general partnership.

In a General Partnership, All Owners Have Unlimited Liability for the Debts