Dorminant partner is a kind of partner who doesn't actively take part in the functioning of business, he liable to third parties as an active partner and he get his share in profits like an active partner.
In some cases multiple partnerships will engage in a single endeavor. In some cases one partnership will have a controlling or managerial interest. That one would be the dominant partnership.
All partnership rights are detailed in the partnership agreement.
4 types -general partnership -limited partnership -master limited partnership -limited liability partnership
The ones I'm aware of (In the US) are General Partnership, Limited Partnership (LP), Limited Liability Partnership (LLP), and Limited Liability Limited Partnership (LLLP)
If the partnership is a general partnership, all partners assume unlimited liability. However, if the partnership is a limited partnership, one or more of the partners assumes unlimited liability
partnership
If the partnership is a general partnership, all partners assume unlimited liability. However, if the partnership is a limited partnership, one or more of the partners assumes unlimited liability
That would be a partnership agreement.That would be a partnership agreement.That would be a partnership agreement.That would be a partnership agreement.
Where a corporation is a partner in a partnership, the corporation's directors can have an indirect effect on the partnership.
A type of partnership that is not a partnership would be one that does not involve business.
liquidation of partnership is when partnership is broken due to the insuficient fund problem a partnership may encounter, while dissolution of partnership is when partnership is resolved according to the decision taken by the partners
The opposite of a holy partnership
what type of business is a partnership