Assertion: firm | /r/HasProperty | limited
Facets:
value: to the creditors
type: TRANSITIVE-OBJECT
value: to other obligors
type: TRANSITIVE-OBJECT
Source sentences:
text: Firms' and brokers' KYC obligations are now limited to knowing (i) their customers, and (ii) the authority of each person acting on behalf of their customers.
text: A firm is a for-profit business organization—such as a corporation, limited liability company (LLC), or partnership—that provides professional services.
text: a firm and its owners are limited in their liability to the creditors and other obligors only up to the resources of the firm, unless the owners give personal-guaranties.(3) Continuity of existence: a firm can live beyond the life spans and capacity of its owners, because its ownership can be transferred through a sale or gift of shares.