Limited partnership

There is something to be said about with whom a person goes into business. In the 1980’s, my brother and two friends formed a partnership doing surveying in Colorado. Shortly after getting established, the two friends ousted my brother and took all of the money. There was an IRS audit in which a gain was determined, and my brother was included in the assessment. He quietly paid it, then one day, he received all of his money back; his “friends” paid the assessment not knowing it was paid. We…

This Band Partnership Agreement is made by and between the current band members apart of PIYAH (insert band members names) _________. This agreement shall be effective as of the date of the last signature below. The Band Partners agree as follows: The Band Partnership. The Band Partners establish themselves as a general partnership (the "Band Partnership") to be known as the _________________________ under the laws of _________________________ for the purposes of musical and related…

express themselves through their ideas. A way to see what they’ve created through their hard work to see what they’re worth. An entrepreneur is a person who takes the risk of opening or going into a business. Whether it be a sole proprietorship, partnership, or corporation they all make a difference in other people’s lives. From Apple to a small café everybody is interacting with business. Each of them have the same role in our…

business transactions. This business will be located in the state of Virginia. II. Description and Explanation of Type of Business Entity The type of business entity, which would be best for Neverland Cupcakes to be operated as, would be a limited liability partnership. Firstly, an LLP would be the best option, because I would be starting this business and operating it with my sister. An LLP allows for a certain amount of liability and protects one…

In this final discussion, we are asked to evaluate business start-up options for Shania Jackson. Shania is a mature Christian. She has a desire of opening a coffeehouse. Shania seems to have the support of her husband, sister, and neighbor, but in varying degrees of commitment and perspectives. Shania’s husband is willing to invest capital, but not help in the day to day operations. Her sister, a new Christian is eager to participate in the business, but her husband is completely against the…

How to Restore a Business Relationship Gone Sour Initiating, developing and managing a strategic partnership can be an immensely challenging endeavor; one that most business owners are simply not prepared to engage. With all of the effort that has to be invested into building the ideal strategic alliance, it is of the utmost importance to manage it effectively. Due to the intricate details that go into selecting the right partner and nurturing the relationship, it is recommended that business…

Long-term perspective One of the advantages of being a private firm is that the firm only has to disclose limited information about its operations. Blackstone operates its investment on a long-term basis why the firm has a lot of variability in its earnings. As an example, a fund usually has a return that can be visualized in a “J-curve”, meaning that the fund…

Partnership Characteristics “A partnership is defined as an arrangement in which two or more individuals share the profits and liabilities of a business venture, where all partners might share liabilities and profits equally, or some partners may have limited liability” (partnership). The characteristic of the taxation in partnership business clear in finding its advantage and disadvantage to general partner business. In comparison to sole proprietor, a partnership business has an advantage…

influenced by the Uniform Partnership Act, which governs the business dealings of partnerships. This case in particular highlights the legal cadence of dissolving and forming businesses and partnerships as well as places an emphasis on the preferred legal structure for companies where sales and production are managed by two separate individuals, a common structure when companies start. The details of the case state that in 1976 Mr. Yoder and Mr. Hooper engaged in an equal partnership to…

Roetzel & Andress, L.P.A., 2009-Ohio-2728 -- Limited Partnership The law firm Roetzel & Andress (R&A) represented Schneider personally, not her companies. R&A told Schneider, who is the majority shareholder of the numerous companies, to stop selling unregistered notes. Schneider ignored and continued fraudulently…