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What else can I help you with?
What are the distribution methods that most partnership use?
ownership percentage
In a limited partnership what is profit and loss interest?
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What are the contents of article of co partnership?
An article of co-partnership typically includes the names and addresses of the partners, the business name and purpose, the duration of the partnership, capital contributions of each partner, profit and loss sharing ratios, management responsibilities, and procedures for admitting new partners or resolving disputes. It may also outline the conditions for dissolution of the partnership and the distribution of assets upon termination. This document serves as a foundational agreement to guide the operations and relationships among partners.
Can a partner force you to sell your half to him?
That may not be possible but it may depend on the terms and provisions in the partnership agreement. However, the alternative may be the dissolution of the partnership, liquidation of all partnership assets, and distribution of shares to all partners according to their partnership agreement (or equally, if no agreement).
What is maximum efficiency condition in distribution transformer?
The maximum efficiency condition in distribution transformer is said to be occurred when iron loss = copper loss
What is the meaning of act ordering common ownership interests profit and loss sharing and shared management responsibilities in a partnership?
Uniform Partnership Act (UPA).
What are the implications of the abandonment of a partnership interest on the remaining partners and the overall operations of the partnership?
When a partner abandons their partnership interest, it can impact the remaining partners and the partnership's operations. The remaining partners may have to take on additional responsibilities or financial burdens. The partnership may also need to reevaluate its structure and goals to account for the loss of the partner.
Is partnership deed a public document?
No, partnership deed is not a public document it is mutual agreement among the partners of the partnership firm stating there profit/loss sharing ratios, rate of interest on loan & on capital and salaries/remuneration of the partners etc
What is the rate of tax for partnership firm?
A partnership computes its income and files its return in the same manner as an individual. However, certain deductions are not allowed to the partnership.Go to the IRS.gov website and use the search box for Tax Information For Partnerships Partnership Income or Loss
What is gain and loss in group frequency distribution?
The gain is simplification - of calculation and visual presentation. The loss is of some detail.
What do the highest secondary sector benefit and loss from?
The highest secondary sector benefit is income distribution and loss from lack of market.
Can personal residence be put into a family limited partnership?
No, a family residence should not be placed into a family limited partnership. A family limited partnership must have a business purpose. Putting your family residence into a family limited partnership will result in the loss of the limited liability these entities have, and if used for estate planning purposes, will result in the Internal Revenue Service disregarding the entity completely.
