PARTNERSHIP       Article     History   Tree Map
  Encyclopedia of Keywords > Packages > Tourism > Resorts > Business > Partnership   Michael Charnine

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    This Review contains major "Partnership"- related terms, short phrases and links grouped together in the form of Encyclopedia article.


  1. A partnership is a pass-through entity.
  2. A partnership is a flexible form of business organization. (Web site)
  3. A partnership is similar to a sole proprietorship but has two or more owners.
  4. A partnership is similar to a sole proprietorship, except that it is owned by more than one person.
  5. A partnership is a legal entity recognized under the law and as such it has rights and responsibilities in and of itself.


  1. The Healthcare Subrogation services that are offered by Strategic Recovery Partnership (SRP) are the best in the healthcare subrogation services industry. (Web site)
  2. In contrast, the OSHA Strategic Partnership Program (OSPP) moves away from traditional enforcement methods and embraces collaborative agreements.


  1. The partnership must also file an informational tax return with the IRS.
  2. This filing officially terminates the limited partnership.
  3. You must file a Certificate of Limited Partnership with the Secretary of State.
  4. Technology partnership agency. Registration for investors and companies.
  5. A foreign limited partnership is not required to file a Certificate of Dissolution. (Web site)

Limited Partnership

  1. A) The name of the limited partnership.
  2. These are the limited partnership (LP) and the limited liability company (LLC). (Web site)
  3. The simple reply is that a LLC (limited liability company) is a mixture of a subchapter S corporation and a limited partnership. (Web site)

Pass-Through Taxation

  1. If a limited liability company is organized properly, it will be taxed as a partnership. (Web site)
  2. There are 3 main advantages to forming a partnership.
  3. The Mountain Partnership is not creating a new entity.
  4. The LLC features pass-through taxation of the partnership, and limited liability of the corporation.
  5. While pass-through taxation is an advantage, owners of a partnership have unlimited personal liability. (Web site)


  1. The sole proprietorship and partnership are non-taxpaying business organizations.
  2. Unlike the proprietorship however, the partnership can hold property an incur debt in its name.


  1. A Limited Liability Company combines the advantages of a corporation and a partnership.
  2. D) The name and street address of the partnership's registered agent.
  3. The notion of a specific term as opposed to "at will" existence is derived from partnership law.
  4. A limited liability company is a hybrid form of business entity combining some of the attributes of a corporation with the status of a partnership.
  5. For these reasons, many people say the LLC combines the best features of the partnership and corporate business structures.

Personal Assets

  1. Partnership interests cannot be pledged for debts.
  2. Partnership liabilities extend to personal assets of each of the general partners.
  3. In a partnership or sole proprietorship, the creditors can go after the owners personal assets if the company-s assets are not enough to settle a claim.


  1. The members of a partnership are called partners. (Web site)
  2. A general partner is personally liable for all debts of the partnership.
  3. This means that the remaining partners have to re-establish the partnership.
  4. Under this form of partnership, only the general partner is liable for the partnership debts. (Web site)
  5. A person may be considered a partner even if not formally included in the partnership. (Web site)


  1. A general partnership must select a name for itself.
  2. Any general partner can require dissolution of the partnership at any time.
  3. Foreign General Partnership A general partnership formed under the laws of any other jurisdiction. (Web site)
  4. A Domestic Limited Liability Partnership is a General Partnership that has elected to have limited liability. (Web site)
  5. If the general partner is a sole proprietor or another partnership the prior discussion applies to it.

General Partnership

  1. Partners of a general partnership have unlimited liability for the obligations of the partnership. (Web site)
  2. The filing fee for articles of conversion converting or creating by conversion a limited or general partnership is $200.00.
  3. A general partnership is considered a pass-through entity under state and federal tax law.


  1. The FLLC will, unless a contrary election is made, be taxed as a partnership. (Web site)
  2. Withdrawal of one partner or adding another automatically ends a partnership unless the agreement says otherwise.

Partnership Limited

  1. A limited partnership is limited to 35 owners.
  2. A. A limited liability company may be converted to a corporation, partnership or limited partnership pursuant to this section. (Web site)
  3. A partnership limited by shares is a hybrid of the partnership and the corporation.


  1. A partnership may have either a written or oral agreement. (Web site)
  2. Find partnership agreement forms for use in all states. (Web site)
  3. The relationship between the partners is governed by state law and the partnership agreement.
  4. Under the conversion provisions of the Uniform Act, the partnership agreement can control the requirements for consent to convert.

Limited Liability

  1. The limited liability partnership annual tax is $800.
  2. A limited liability company (LLC) differs from a limited liability partnership (LLP) in that the LLP is a partnership.
  3. A registered limited liability partnership is a partnership that is registered with the Secretary of State. (Web site)


  1. Each partner also has a duty of loyalty to the partnership.
  2. The general partner is potentially liable for all the obligations of the partnership.
  3. The limited partners as such shall not be bound by the obligations of the partnership. (Web site)


  1. An LLC, for federal income-tax purposes, will be treated as a partnership.
  2. A partnership can elect to be treated as a corporation for federal tax purposes.
  3. For tax purposes, a professional limited liability company is treated like a partnership and does not pay tax.


  1. Forming a partnership also has its benefits and disadvantages. (Web site)
  2. Important rights and responsibilities will flow from forming a civil partnership, helping same-sex couples to organise their lives together.


  1. A limited liability company (LLC) has the liability protection of a corporation but the tax status of a partnership.
  2. Operating as a partnership or LLC does not relieve a partner of the obligation of paying self-employment tax. (Web site)
  3. Again, you normally won-t elect to do this, preferring to have your multi-member LLC follow the partnership tax route.

Like Partnership

  1. B. taxed like a partnership. (Web site)
  2. Like a partnership, the LLC provides "pass-through" tax treatment.

Domestic Partnership

  1. FORM 1065 (Schedule K-1) is the domestic partnership income tax return form used in the U.S.
  2. Applications for amendment of domestic partnership records must be supported by documentary evidence.

Partnership Property

  1. The act states that partners are not co-owners of partnership property.
  2. A partner has no right to possess or use partnership property except to use it for partnership purposes.
  3. When a partner dies, his or her ownership of specific partnership property automatically vests in the surviving partners.

Limited Liability Company

  1. The limited liability company or LLC is not a partnership or a corporation.
  2. A limited liability company is a hybrid between a partnership and a corporation.
  3. LIMITED LIABILITY COMPANY: A business structure that is a hybrid of a partnership and a corporation.
  4. A member may be an individual, a corporation, a partnership, another limited liability company, or any other legal entity.

Customer Service

  1. Declares customer service to be a power struggle instead of a partnership. (Web site)


  1. Packages > Tourism > Resorts > Business
  2. Encyclopedia of Keywords > Society > Organizations > Companies
  3. Encyclopedia of Keywords > Society > Law
  4. Encyclopedia of Keywords > Society > Organizations
  5. Glossaries > Glossary of Business Terms /
  6. Books about "Partnership" in

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  Short phrases about "Partnership"
  Originally created: October 29, 2006.
  Links checked: March 26, 2013.
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