0
A partnership is a different legal entity than a corporation. Therefore, literally speaking a corporation cannot be a partner in another corporation because corporations don't have partners. A corporation can be a security holder in another corporation. For example, a corporation that owns all of another corporation would be the "parent company," and the owned corporation would be a "wholly-owned subsidiary."
Please note, at least here in the US, two corporations can form a partnership and it is not limited to actual people. There are some situations when this is advantageous over just forming a joint venture.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is another word for a work partner?
Another word for work partner is colleague.
How do you sell your half of a business to another partner?
i have a very small business with a partner and want to sell my share either to my partner or another buyer, how do i value my half ?
Can a partner legally open mail addressed to another business partner?
No
Can a company be a partner with another company?
Yes.
What is synonym for corporation?
A corporation is a business. You could also call it an organization. Association is another term for this. A partnership would be a corporation composed of only two parties.
Who has more control a 51 percent or 49 percent partner of a corporation?
A 51% partner of a corporation has more control than a 49% partner
Can a corporation be a partner in a partnership?
Yes. A corporation is an artificial person but is a person according to the law and thus can be a partner in a partnership.
Can as s corporation be a partner in a partnership?
It is possible for an s-corporation to be a partner in a partnership. You should check with a legal authority to see if there are any special requirements to affect this status for the s-corporation.
Can a partnership have directors?
Where a corporation is a partner in a partnership, the corporation's directors can have an indirect effect on the partnership.
Can a trust be a partner within a partnership?
yep trust is the main thing in your relationship
Can a company be a partner in a partnership?
Yes, if the charter or articles of organization permit it, and assuming all necessary steps in the bylaws are followed.AnswerIn the Philippine law, it is not allowed. A Corporation cannot be a partner in a partnership but another partnership can. That is what I read on our law book by Hector de Leon..
What is another word for a work partner?
Another word for work partner is colleague.
Difference between partnership and public limited company?
A partnership is a legal term to define a joint venture of 2 or more persons. In a partnership all of the partners are jointly and severally liable for any losses. In this type of arrangement each partner can be forced to pay for all of any debts. They would then have the option of going after the other partners for their pro-rata share of the debt. In a limited partnership the only entity liable for the debts is the "general partner". The general partner can be either a person or another partnership or corporation. In a corporation the corporation is the only entity liable for debts. The owners are not liable. The corporation is a fictional "person" in the eyes of the law.
How can one corporation acquisitions of another corporation transfer the good will of the purchase company?
increase income to provide or give the need of another corporation
What are the strength's of Sony corporation?
Reputation in marketplace Expertise at partner level in HRM consultancy
Can one corporation own stock in another corporation?
Obviously yes. Well not so obviously, it used to be illegal. I would like to learn the history of how it became legal for one corporation to own another corporation.
How do you sell your half of a business to another partner?
i have a very small business with a partner and want to sell my share either to my partner or another buyer, how do i value my half ?
