Assertion: partnership's debt | /r/HasProperty | incurred by partnership
Facets:
value: during business operations
type: TEMPORAL
Source sentences:
text: Partners are individually liable for debts incurred by a partnership during business operations.
text: Each partner should take full responsibility for the debts and liability incurred by the other partner.
text: Because general partners actively participate, they all must take personal responsibility for the liabilities of the business and for debts incurred by other partners.
text: Professional partners, such as lawyers or accountants, are often advised to go this route since it protects the business owners from personal liability for the debts or liabilities incurred by the partnership.