Assertion: partnership's partner | /r/HasProperty | responsible for the debts of the business
Facets:
value: personally
type: MANNER
value: legally
type: MANNER
value: in this type of partnership
type: OTHER
Source sentences:
text: In this type of partnership, only general partners are responsible for the debts of the business.
text: General partners are personally responsible for business debts and risks.
text: That means each partner is legally responsible for the business’s debts and actions.
text: The most alarming is the fact that you and your other partners are responsible for all debts of the business.
text: However, partners are personally responsible for the debts of the business, meaning that creditors of the business may use the partner's personal assets to satisfy the debts of the business.