Some of the differences between general partners and limited partners are: Limited partners are usually simply investors and are not involved in the day-to-day operations of the business but may still receive a guaranteed payment. Limited partners may be subject to self-employment taxes for loans to the partnership for which they receive interest payments. General partners are responsible for any debt to the partnership up to their percentage of ownership. General partners and limited partners may receive a salary if they are doing a support role for the business that does not produce income, such as doing the bookkeeping for a partnership in a manufacturing business