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When a partnership dissolves a new partnership is formed and a new partnership agreement should be prepared?
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∙ 10y ago
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Wiki User
∙ 10y ago
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When a partnership is formed a written legal document is drawn up between the partners what is this called?
partnership agreement
What happens If a partnership is formed with no agreement?
If your "partner" dumps you and does not act on his liabilities you are not protected by anything. No court will help you.
What makes a partnership?
A partnership is an agreement between 2 or more parties formed to achieve some sort of goal. An informal partnership can be verbal, though to prove and formalize a partnership some sort of contract should be drawn up that outlines the purpose of the partnership and who will be responsible for the specific duties that are required and the duration of the partnership (if applicable). The partnership is formalized officially when all parties have signed the agreement, which is then generally filed with the local municipality.
What is the difference between a limited liability partnership and a limited company?
A partnership is formed when two or more people engage in business with an agreement to share profits and losses. It may or may not involve a written agreement. If they do not, it is called a partnership at will. A limited liability company is a company formed by filing appropriate documentation with the secretary of state. It cannot be created with the affirmative action of filing with the secretary of state. They are taxed similarly.
When did Amazon.com form its partnership with Borders?
In 2001 Amazon formed an agreement with Borders to provide inventory, order fulfillment, and customer service for Borders.com.
What is formed when a solute dissolves throughly in a solvent?
A Solution is formed
What is formed when a substance dissolves into another?
solvent
What is formed when a solid dissolves in a liquid?
A solution
What is the difference between partnership and joint venture?
joint venture can be considered as special partnership achieving a determine task.in partnership and joint ventures two or more persons are occupied in the business activities with the motive of earning profit.To start these businesses there should be an agreement.
Who formed a partnership with Alexander macomb?
William Duer
What is formed when one substance dissolves into another?
a solution
What is formed when solute dissolves in a solvent?
saturated solution
