Assertion: partnership | /r/CapableOf | declare bankruptcy
Facets:
Source sentences:
text: On the flip side, if your partnership declares bankruptcy, you change the name or location of your partnership, or 50% or more ownership (interests in capital and profits) of the partnership changes hands between the partners within one year, you don’t have to obtain a new EIN.
text: A general partnership dissolves by operation of law when a partner or the partnership declares bankruptcy, when the partnership engages in illegal activity or when one of the partners dies.