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Minimum partners can be two max. depends upon the group. Generally 7 to 8.

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15y ago

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Difference between sole proprietorship and partnership?

A sole proprietor is a person who is in business for themselves. A partnership is two or more people who are in business for themselves.


Why was US involved?

involved in what? you must complete your sentence or otherwise, people cannot answer it.


Is there paperwork to be completed if you are in a domestic partnership?

In some places, you must complete an affidavit of domestic partnership and notarize it in order to register your partnership.


What are the characteristics of partnership?

there must be at least 2-20 persons to start a business partnership business names are identified as 'sons' or 'bros' and sometimes the surname of the owners. there must be an agreement between persons desirous of forming a partnership. each partners must agree to share the profit/loss of the business.


Can I bring my child home to Britain without my New Zealand husband's consent?

you have PARENTAL rights - think of it as a " partnership" - thus the root of the word - Removing a child without the other parents consent is kidnapping. Very simple very clear. Unless you have been awarded, by the courts in new Zealand, sole custody you are involved in a PARTNERSHIP and are one parent in the partnership and as such you must consult with your partner.


What are the strengths and weakness of partnership?

There are many strengths and weaknesses of a partnership. A strength is that a partnership is easy to form. A weakness is that the profits must be shared between all of the partners.


What is partnership accounting?

A business can be a corporation, a partnership, or a sole proprietorship. A corporation is incorporated at the state level. A sole proprietorship is one person in business. A partnership is two or more persons with an agreement on who has which assets and liabilities and income. Partnership accounting is doing the books for the partnership. For IRS purposes, a partnership return must be filed each year.


Why do you think people try cigarettes without knowing the odds of their survival?

Curiosity must be involved and/or peer pressure. Also, stress may be involved. Many people try cigarettes and eventually become addicted. Many try them and use only socially and periodically. Many try them and never touch one again. Interesting question but I imagine that people are curious and are exposed to them


How do you open partnership in the Philippines?

A Philippine partnership must be registered with SEC.A minimum of 2 partners is required. Partners have unlimited liability.One can setup a limited partnership, the limited partners have limited liability the other partners have unlimited liability.A partnership is taxed like a corporation.


What is a disadvantage of partnerships compared to sole proprietorship's?

It is sometimes difficult for partners to agree on every business decision.There are multiple disadvantages to having a partnership. In a partnership, both parties are responsible, but if one of the partners goes into debt, it may affect both partners. You will also be responsible for the actions of your partner even if you aren't involved in those actions.


Where does one register a domestic partnership?

You should inquire at your town clerk's office. AND you must live in a jurisdiction which recognizes such a legal partnership between two persons.


Can you get married in Illinois if you already have a domestic partnership?

Generally, domestic partnership is not a bar to marriage, even if it is with someone else. However, if your domestic partnership is with a statewide registry and is substantially equivalent to marriage, then some states may recognize your domestic partnership as a marriage. If that is the case, then you must dissolve your domestic partnership before you can marry another person.

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