Assertion: partnership's partner | /r/CapableOf | run the business
Facets:
Source sentences:
text: In a general partnership, each partner is liable for the activities of the other partners, while only the general partner (who runs the business) is liable in a limited partnership.
text: This is a partnership in which only the general partner, who runs the business, has personal liability, while the limited partners, who are basically passive investors, can lose no more than their stake in the partnership.
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: Limited liability partnerships can have one general partner who runs the business and have several limited partners who act as investors in the business.
text: One of the more common limited partnership situations involves a silent partner, where one or more limited partners provide financing for the venture and the general partners run the business.