tanong pa e
example partnership in the Philippines lawfirm
business partnership is expanding.\
The list of companies their file bankruptcy in the country of Philippines can be obtained from the business oversight office in Manila. The list is compiled each year.
Dissolution of partnership means the shut down of partnership business and sale of all assets of business and clearance of all the liabilities of the business.
what type of business is a partnership
Partnership property is property owned by a business partnership. This can be cars, machines, buildings, and computers that the business owns.
A partnership letter is usually official since it talks about matters business. The partnership business is usually signed by all the partners of a particular business.
If you mean tax advantage of corporation in the Philippines compared to other countries..I can not answer that. But if you mean corporation in the Philippines compared to Partnership, the corporation is tax on its net income at currently 30% but if its a partnership, same is tax at 30% but there would be presumptive distrubtion of net income among partners which will be subjected to tax again. For corporation in Philippines, the liability of shareholders is limited on their capital subscription only. Unlike partnership or single proprietor, which is to the extent of personal property except of course for limited partners.
A type of partnership that is not a partnership would be one that does not involve business.
Partnership is covered by Article 1767-1867 of the Civil Code of the Philippines --http://www.scribd.com/doc/55300616/Partnership
because in a partnership helps you out with equity finance
Right of all partners in a partnership to act as agents for the normal business operations of the partnership, and their responsibility for their partners' business related (but not personal) actions.