Which role involves having full personal liability in a business?

The role of a General Partner involves having full personal liability in a business, particularly in the context of a partnership. This means that a General Partner is personally responsible for all the debts and liabilities of the partnership. Unlike a Limited Partner, who has liability only up to the amount of their investment and typically does not participate in the management of the business, a General Partner has both a managerial role and unlimited liability.

In a General Partnership, all partners share the responsibility and are accountable for managing the business's operations, making decisions, and handling financial obligations. This structure can lead to more direct involvement and influence on the direction of the business but also poses significant personal financial risk if the partnership incurs debt or faces legal actions.

The other roles mentioned, such as Limited Partner, Corporate Officer, and Secretary of State, do not involve the same level of personal liability. Limited Partners, for instance, enjoy protection from personal liability beyond their initial investment, while Corporate Officers typically represent the corporation as separate legal entities where liability is limited to the corporation itself. The Secretary of State, a governmental role, has no operational liability in a business context.