Assertion: partnership's partner | /r/CapableOf | assume liability
Facets:
value: for the partnership
type: PURPOSE
Source sentences:
text: The general partners own and operate the business and assume liability for the partnership, while the limited partners serve as investors only; they have no control over the company and are not subject to the same liabilities as the general partners.
text: Under its limited partnership status, a RELP has a general partner who assumes full liability and limited partners who are liable only up to the amount they contribute.
text: The general partners own and operate the business and assume liability for the partnership, while the limited partners serve as investors only; they have no control over the company and are not subject to the same liabilities as the general partners.