Assertion: partnership's partner | /r/HasAspect | unlimited liability
Facets:
value: for the debt
type: OTHER
value: for the company
type: TRANSITIVE-OBJECT
value: for business liabilities
type: OTHER
value: to creditors
type: TRANSITIVE-OBJECT
value: for obligations
type: CAUSE
Source sentences:
text: The general partner has unlimited liability, manages the business, and the other limited partners.
text: Management of a limited partnership rests with the "general partner," who also bears unlimited liability for the company's debt and obligations.
text: In any case, a broad agreement is essential because when all partners have unlimited liability, even innocent players can be fiscally on the hook when the other partners commit inappropriate or illegal actions.
text: However, the general partner has unlimited liability for the debt, and any limited partners have limited liability up to the amount of their investment.
text: The general partner of the LP has unlimited liability.
text: This is unlike a limited partnership, where at least one general partner must have unlimited liability and limited partners cannot be part of management.
text: This is a partnership consisting of one or more general partners who have unlimited liability, and one or more limited partners who have limited liability, depending upon their contribution to the partnership.
text: On the other hand, general partners have unlimited liability and may need to cover any debts the business incurs.
text: However, every partner has unlimited liability to creditors for all the partnership debts.
text: In some countries, an LLP must have at least one person known as a "general partner", who has unlimited liability for the company.
text: The general partner assumes all management and responsibilities of the business and also has unlimited liability.
text: In some countries, an LLP must have at least one person known as a "general partner", who has unlimited liability for the company.
text: The general partners within a silent partnership have unlimited liability, but silent partners only have limited liability.
text: Partners have unlimited liability with regard to the liabilities and debts of the business
text: On the other hand, partners in a partnership business have unlimited liability for business liabilities and other business debts.
text: The general partner has unlimited liability for partnership liabilities.