Assertion: partnership's owner | /r/Synonym | member
Facets:
Source sentences:
text: The main difference is that all owners of an LLC (called "members") have limited liability, even if they participate in running the business, while in a partnership the partners running the business have general liability for everything that happens.
text: Their liability is limited to their investment in the partnership, like owners (members) in a limited liability company (LLC).
text: The owners of an LLC are referred to as "members.
text: An LLC is a hybrid between a corporation and a partnership in which the owners, called members, have the same limited liability of shareholders in a corp and also the benefits of partnership of tax benefits.
text: When a partnership is formed as this type of entity, it exists as a separate legal entity from the owners, who are called members.
text: The owners of the LLC, called members, are protected from some or all liability for acts and debts of the LLC, depending on state shield laws.
text: As mentioned above, a PLLC is formed by a state in the same way as an LLC and the PLLC and LLC function the same way, with owners called "members" and an operating agreement that governs how the members work together and divide profits and losses.
text: A limited liability company (LLC) can have one owner or multiple owners, who are called members.