Assertion: partnership's profit | /r/HasProperty | generated by the partnership
Facets:
Source sentences:
text: This means that partners share any profits generated by the partnership, as well as any losses and debts – even if these debts are more than they’ve personally invested in the business.
text: Unlike profit generated by limited companies, profit generated by partnerships is not subject to corporation tax.
text: After assessment, then said profits or losses flow through the partnership to the partners who are then taxed on their share of said profits or losses generated by the partnership without any taxes levied against the partnership.