In a general partnership form of business

Select one:

a$.$ partners do not need to pay any taxes.

b$.$ each partner is personally liable for his or her own actions and also for the actions of all the partners.

c$.$ a general partnership can only be set up once the business has been successful as a sole proprietorship for at least one year.

d$.$ a partnership agreement is not necessary as long as there is less than $10$ partners.

e$.$ None of the answer options.