Assertion: partnership | /r/HasProperty | pass-through entity
Facets:
value: like a sole proprietorship
type: OTHER
value: usually
type: TEMPORAL
Source sentences:
text: The partnership is a pass-through entity and the individual partners pay tax on their distributive share of partnership income passed through to them.
text: All four partnerships are pass-through entities, which means that the profits are passed on to the partners’ tax return.
text: Additionally, a partnership is usually a pass-through business, which means the business profits and losses are reported on individual tax returns.
text: A partnership is known as a pass-through entity that allows a partner of the business to report her share of company losses and profits on her personal income tax return.
text: Partnerships are pass-through business entities; the income tax of the business is passed through to the individual partners.
text: Like a sole proprietorship, a partnership is a pass-through entity.
text: Keep in mind that partnerships are pass-through entities, which means that even if you don’t take money out of the business, you’re still responsible for paying taxes on your portion of the profit.