Assertion: partnership's profit | /r/HasProperty | allocated among partner
Facets:
value: as in a partnership
type: OTHER
value: for tax purposes
type: PURPOSE
value: in a partnership accounting format
type: MANNER
Source sentences:
text: As in a partnership or limited liability company (LLC), the profits of an LLP are allocated among the partners for tax purposes, avoiding the problem of "double taxation" often found in corporations.
text: It contains details on the profit or loss that is allocated to each partner in a partnership accounting format.
text: As in a partnership or limited liability company (LLC), the profits of an LLP are allocated among the partners for tax purposes, avoiding the problem of "double taxation" often found in corporations.
text: The amount of profit allocated to each partner is determined by a partnership agreement.