Assertion: partnership's partner | /r/HasProperty | afforded limited liability
Facets:
value: for obligations
type: CAUSE
value: in an lllp
type: OTHER
Source sentences:
text: In an LLLP, by having the limited partnership make an election under state law, the general partners are afforded limited liability for the debts and obligations of the limited partnership that arise during the period that the LLLP election is in place.