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A partnership is an arrangement in which two or more individuals share the profits and liabilities of a business venture

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8y ago

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What is the nature of partnership?

A partnership is an arrangement in which two or more individuals share the profits and liabilities of a business venture


What are the nature of business?

1 - Soleproprietorship 2 - Partnership 3 - Joint stock company


How is partnership started?

When two or more people begin to do business together, by default they are a partnership. Although not technically required, a detailed and complete partnership agreement is usually entered into by the parties, which clearly spells out the nature of the partnership and the rights and responsibilities of the parties. There are also tax implications to be aware of.


What are the different nature of business?

1 - Soleproprietorship 2 - Partnership 3 - Joint stock company


What was the nature of Franklin and Eleanor Roosevelt's political partnership?

they got divorced and she took all his money


Why a registrar may refuse to register a partnership?

if partners fail to accomplish with the provisions of law if it now a parnership in nature


What has the author Marita Jackson written?

Marita Jackson has written: 'The nature of ethos in the Catholic school community and home/school partnership'


What are the rights of a partnership?

All partnership rights are detailed in the partnership agreement.


How many types of partnership possible?

4 types -general partnership -limited partnership -master limited partnership -limited liability partnership


Is this true or false The 3 types of partnerships are general partnership unlimited partnership and unlimited 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)


How do you abbreviate the word partnership?

partnership


What are the characteristics of a 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