General partners in a partnership:\ May not be paid as employees, pay self-employment taxes on their share of the income, have limited liability similar to an LLC, are responsible for the day-to-day operations of the business, and may receive payments from the business through guaranteed payments.\ Generally are running the business and actively creating product, services, and revenue of the business. They are considered to be self-employed, must pay SE tax, and have unlimited liability for any debts of the business.\ Take care of the day-to-day operations of the business, have unlimited liability, and are subject to SE tax, unless they provide services to the company as an employee and are then paid a reasonable salary for their work.\ Are considered employees, if they are managing the business activities as active participants, if not, they are subject to SE taxes on their share of the income, personally share in the liabilities of any debts of the business, and receive a Schedule K-1 to report their income and separately stated items.