Assertion: partnership's partner | /r/CapableOf | manage the business
Facets:
value: in a general partnership
type: OTHER
value: actively
type: MANNER
value: efficiently
type: MANNER
Source sentences:
text: A limited partnership (LP) has one or more general partners who manage the business and retain liability for its decisions and one or more limited partners who don't participate in the operations of the business and who don't have liability.
text: In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations.
text: has one or more general partners who manage the business and retain liability for its decisions and one or more limited partners who don't participate in the operations of the business and who don't have liability.
text: The general partner has unlimited liability, manages the business, and the other limited partners.
text: Whereas limited partners do not manage the business, general partners control and manage the business, and they can make binding decisions on the partnership’s behalf.
text: When one or few partners do manage the business they represent the firm and other partners.
text: Partners having expertise and skills in different functional areas of business can manage the business efficiently.
text: the general partners manage the business and have the power to enter binding agreements on behalf of the partnership; their liability for the debts and obligations of the limited partnership is unlimited
text: The other partner, who is an expert in building furniture, agrees to build all of the furniture and manage the business.
text: However, a limited partner who actively manages the business or agrees to provide a personal guarantee for business loans may be held personally liable, like a general partner.
text: Typically, both general and limited partners contribute financially to the partnership, but the general partners manage the business as well, while the limited partners almost always do not.
text: The general partner or partners manage the business, controlling day to day operations and making the necessary decisions, including any binding decisions.
text: The general partner or partners manage the business, controlling day to day operations and making the necessary decisions, including any binding decisions.
text: In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations.