Legal Definition of General partners: Owners of a partnership who are responsible for the management of the partnership, receive a share of the partnership’s profits and losses, and who are personally liable for the actions of the other partners and the debts of the business | Gain a clear understanding of the legal definition of general partners and their crucial role in managing a partnership. Discover the entitlement to a share of profits and losses and the significant personal liability they hold. Learn how to make informed decisions and protect personal assets as a business owner