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What legal structure KFC is?
It is a partnership lool
Under which organizational structure would the death of the owner have no legal effect?
a partnership
Is a partnership firm has any legal entity?
No, a partnership firm has no legal entity. Registering the partnership firm means registering the partnership relation. firm has no separate legal entity.
What is the conversion process from an accounting perspective when converting a partnership to a company structure?
a partnership converts to a company structure
How long do you have to be in a live in partnership before california declares you a married couple?
California does not recognize common law marriage. However, if you live in a state that does recognize common law marriage and meet the requirements of that state, your marriage will be recognized by the state of California if you move there.
Who or what service can you hire to help concert your partnership into two separate proprietorship in legal terms and help you equally divide your company into half?
The legal terms of the partnership will help you connect your partnership with two separate proprietorship in legal terms.
What type of company structure might be best for a hairdresser to have?
Sole proprietorship or partnership. You do not see too many hair grooming corporations.
A business organized as a separate legal entity owned by stockholders is a partnership true or false?
A business organized as a separate legal entity owned by stockholders is a partnership.
When a partnership is formed a written legal document is drawn up between the partners what is this called?
partnership agreement
What are the kinds and legal forms of business ownership?
Corporation; a sole proprietorship; a limited partnership; a general partnership
What does the legal structure of business mean?
Its when you decide what your business is going to be about and what products your going to sell! It means a partnership, public company, or a private company structure.
What are the problems of changing from one legal structure to another?
as you change from being a sole trader to suppose a partnership or a limited liability company you lose control and ownership, but then your business benefits from this and grows
