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Can one partners credit affect the other partners credit in a California Domestic Partnership?
Wiki User
∙ 12y ago
A California domestic partnership is the equivalent of marriage in every way, except that it is not called a marriage. Yes. One domestic partner is legally liable for debts incurred by the other, even if the account bears only the other partner's name. Because you are potentially liable to pay any delinquent debt, a judgment could be issued against you and that would show up on your credit report.
Wiki User
∙ 12y ago
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How do the articles of partnership affect the partnership?
A Partnership Agreement (actual name of the document) dictates how the company is controlled, who has what powers, how the earnings / profits / capital is allocated, what is to happen in certain circumstances... They are pretty important. If a partnership is set up without a Partnership Agreement then it is considered a common-law partnership and everything is allocated equally among the partners.
What is a disadvantage of partnerships compared to sole proprietorship's?
It is sometimes difficult for partners to agree on every business decision.There are multiple disadvantages to having a partnership. In a partnership, both parties are responsible, but if one of the partners goes into debt, it may affect both partners. You will also be responsible for the actions of your partner even if you aren't involved in those actions.
Do you still have to pay alimony if your ex is living with her domestic partner in California?
You need to review the terms of your divorce agreement. Filing as domestic partners may affect alimony payments. However, you need to consult with the attorney who represented you in your divorce who can advise you under the legal terms of your agreement and your state laws.You need to review the terms of your divorce agreement. Filing as domestic partners may affect alimony payments. However, you need to consult with the attorney who represented you in your divorce who can advise you under the legal terms of your agreement and your state laws.You need to review the terms of your divorce agreement. Filing as domestic partners may affect alimony payments. However, you need to consult with the attorney who represented you in your divorce who can advise you under the legal terms of your agreement and your state laws.You need to review the terms of your divorce agreement. Filing as domestic partners may affect alimony payments. However, you need to consult with the attorney who represented you in your divorce who can advise you under the legal terms of your agreement and your state laws.
Disadvantages of being a partnership?
Being a partnership has to be personally liable for all the debts of the business. Its unlimited liability.As a partnership, you only responsible for several authorities. You can't control all about the business as others own the business together.It is hard to find suitable partner that exactly like what you hope or expect. You have to tolerate things that you do not like. For example, if the partner has different idea, you and him/her have discuss what is the best for both.If there is a conflict between partners, it would be problems which could probably affect the business. Partners should work professionally to not to bring problem within partners to the business.
How can personal conflict affect a partnership?
Being in a partnership is much like being married. Making sure partners' work habits, goals, ethics, and general business philosophy are compatible is an important step inavoiding a nasty business divorce. The demise of many partnerships can often be traced tointerpersonal conflicts and the lack of a partnership agreement for resolving those conflicts.
How does the domestic activities affect the environment?
mayonaise
How does precipitation affect domestic ferrets?
High humidity can affect a domestic ferret due to the lack of sweat glands causing them to go into a heatstroke if they get to warm.
Does a possession of marijuana affect a domestic violence case?
no
How does the form of business ownership affect the decisions made?
A sole proprietor makes the decisions. In a partnership, the decisions are generally made by the senior or managing partners. A business which is owned by stock holders is generally run by a CEO who makes most decisions, however stock holders vote on decisions at the annual meeting.
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.
What company did Judith Rolf form after her partnership with Ada Rolf was dissolved?
the Aston Paradigm Corporation in Lake Tahoe, California. This company provides training and certification for Aston practitioners. She also began exploring how environmental conditions affect body movement
Affect of increased no of domestic airline?
Reduced air fares.
