At United States common law, a partnership is terminated when there is some change in its ownership (e.g., if a partner leaves, dies, becomes bankrupt, or a new partner is admitted, etc). But the partners can provide for the continuation of the partnership by agreeing to continue as a partnership, or in advance, by providing for continuation in the partnership agreement. However, if the change in the original composition of the partnership leaves only one partner left, the partnership becomes a sole proprietorship by operation of law.
In the United States, a corporation is a separate legal entity that has been registered with a particular state, and when the owners wish to terminate its existence, they must file formal corporate dissolution papers with the Secretary of State of the state of incorporation. They will also be expected to file all tax returns covering the periods up to the date of dissolution.
partnership
A
Assets
compare and contras partnership and corporation
Yes, stock may be purchased in number of fashions.
Where a corporation is a partner in a partnership, the corporation's directors can have an indirect effect on the partnership.
partnership
T-Mobile is a Corporation.
Yes. A corporation is an artificial person but is a person according to the law and thus can be a partner in a partnership.
T-Mobile is a Corporation.
no.
Apple Incorporated is a Corporation with stockholders it is not a partnership.
yep trust is the main thing in your relationship
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.
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That depends on the type of partnership. If it's a corporation then yes. If it's an LLC then no.
A business can be a corporation, a partnership, or a sole proprietorship. A corporation is incorporated at the state level. A sole proprietorship is one person in business. A partnership is two or more persons with an agreement on who has which assets and liabilities and income. Partnership accounting is doing the books for the partnership. For IRS purposes, a partnership return must be filed each year.