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What else can I help you with?
Who is responsible for the debts in a general partnership if the business fails?
This question underlines the requirement to have a partnership agreement - in the absence of any prior agreement to the contrary, the debts are owed jointly and severally by all partners in the business and provided that any one partner has incurred a debt on behalf of the partnership (buying anything which could not possibly be for business use will be excluded) the creditor will be entitled to recover from any one of the partners, including all personal assets where the partnership is not a limited company (or, in US, incorporated). For either jurisdiction, but particularly for the UK, the Partnership Act 1890 is the guiding legislation
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.
Is empire insurance company stock worth anything?
Is WellPoint worth anything
Is the executor of the estate liable for mortgage if foreclosure?
The executor is not personally liable for anything. The estate is liable for all of the debts. If the executor is going to inherit anything, there may not be anything for them to get.
How do you not do anything?
you cant not do anything you always have to do something. if you sit in a chair and do nothing your still doing something (sitting).
Who is responsible for the debts in a general partnership if the business fails?
This question underlines the requirement to have a partnership agreement - in the absence of any prior agreement to the contrary, the debts are owed jointly and severally by all partners in the business and provided that any one partner has incurred a debt on behalf of the partnership (buying anything which could not possibly be for business use will be excluded) the creditor will be entitled to recover from any one of the partners, including all personal assets where the partnership is not a limited company (or, in US, incorporated). For either jurisdiction, but particularly for the UK, the Partnership Act 1890 is the guiding legislation
Converting a partnership to a sole proprietorship?
we are running partnership firm the another partner going out what the procedure------------there should be an agreement between the partners defining the last day of the partnership, ownership of any assets, liability for any debts and continuing expenses. If both partners have signed any loans or lease agreements those agreements should be changed to reflect the new structure. If the departing partner has loaned the partnership money or anything else the agreement should say how that will be handled. It would be easier to end the partnership at the end of a tax year otherwise any taxes or fees would have to be divided properly. Its generally better to have a written agreement so all parties understand the division of assets and liabilites. It also makes it easier if there is an agreement the continuing partner can show that the new structure has been properly defined and the seperation handled in a businesslike manner. .
Can you catch anything from having clean multiple partners?
You can but not really
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.
You are in a civil partnership with a woman but you love another woman?
You need to decide whether you wish to remain in your civil partnership. If so, then you spend your time with your civil partner and forget your feelings for the other woman. If not, then you explain to your civil partner the reasons for your decision and you terminate your partnership. Anything else is irresponsible behavior that no good can come from.
If you haven't signed a partnership and your name isn't on the assignment of lease you dont have to stay in the business?
If your name is not on anything then i believe you can leave the business.
Anything involving two or more nations could be referred to as?
A partnership, union, or an agreement? I really have heard this question before but I can't remember the answer.
How did the 4 leaf Clover become a symbol of saint Patrick's day?
Interesting question. The only people I know who associate a four-leaf clover with Ireland are Americans. It must have something to do with "4-leaf clover = lucky">"the luck of the Irish". Anyone who knows anything about Ireland knows the shamrock has three leaves. St Patrick is reputed to have used the example of the shamrock to illustrate the Trinity.
Where is the fuel filter on a 05 Isuzu ascender located?
If it is anything like it partners in the rest of the family in 05 it's in the fuel tank.
What will you get with a Torchic and an Onix together?
You won't get anything with a Torchic and an Onix together if you try breeding them because they aren't compatible breeding partners.
What are four of Guyana main trading partner exclusive of countries within caricom?
MAIN TRADING PARTNERS: Its main trading partners are the USA, the UK, Trinidad and Tobago, Japan, Canada and Jamaica.there are for then four trading partners just saying hope this helps anyone that does Guyana for a school project or anything hope this helps!!
Can you force one partner to buy out the other if it will save both partners money?
yes you can im not sure legally but you can force anyone to do just about anything it depends on what your willing to do theres a persuasion method for anything
