Partnership is the relation between persons who have agreed to share the profits of the business carried on by all or any of them acting for all. An essential element of partnership is to have an agreement and wherever a change takes place in this relationship it results in reconstitution of the partnership firm. Reconstitution of the firm may happen under any of the following circumstances and as a result there will be a change in the profit sharing ratio: 1) Change in the profit
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Advanced Expository Writing Business Proposal Developing an Effective Recruitment Strategy Executive summary The research is conducted to improve the performance of recruiting activities in the organizations. The reason behind this research is the poor performance of most of the companies in recruitment sector and this leaves them with reduced profits. The recruitment cost and the attrition rates are soaring in most of the companies leading to poor returns from the investment in the
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Business Proposal Timothy Anderson ECO 561 Daniel Rowe July 16‚ 2012 Business Proposal A current issue with home health care and senior citizens is the need for medicine and food. In the current state of the economy with the rise and gas prices and the need of people to still commute‚ people have to figure out ways to get to and from pharmacies and grocery stores. In the economy two markets that will not fail in recession are discount retail food and medicine because people need both to
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nershipCHAPTER 2 RECONSTITUTION OF A PARTNERSHIP FIRM Partnership is an agreement between the members of a firm for sharing the profits of the business carried on by all or any of them acting for all. Any change in this relationship amounts to reconstitution of the partnership firm. A change in the partnership agreement brings to an end the existing agreement and a new agreement comes into being. This new agreement changes the relationship among the members of the partnership firm. Hence‚ whenever there
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Project Proposal Analysis of China’s Monopolist Policy on the Exportation of Rare Earth Metals ISSUE: China is by far the world’s biggest supplier (97%) of the 17 rare earth metallic elements that are essential to produce iPhones‚ wind turbines‚ electric cars‚ robots working assembly lines‚ precision-guided missiles and a host of other items. China sits on a large portion of the world’s known reserves and has maintained almost total dominance over supplies in recent years. There is currently
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Indian Hotel Industry Overview & Opportunities • Ask a question Raise your hand Type question Australia Unlimited Contents • • • • • • • • • • Key facts Advantage India Market overview Emerging Trends Investments Key initiatives Opportunities About HICSA 2011 Hotel development mission AUSTRADE INDIA – Travel and Tourism KEY FACTS AT A GLANCE • Contribution of travel and tourism to GDP expected to rise from AUD 120 bn in year 2010 to AUD 350 bn by year 2020 • Average growth
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Online Business Expansion Proposal for Herbal Solutions Online Business Expansion Proposal for Herbal Solutions Herbal Solutions is an herb shop located in Riverton‚ Utah that researches and formulates herbal remedies to combat health problems and improve the physical‚ mental and emotional wellbeing of its customers. The business conducts its operations from a home office‚ with clients visiting the location for consultations with the herbologist as well as to purchase the prescribed
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Introduction The Indian Partnership Act‚ 1932 lays down the important provisions relating to partnership contracts. The subject of partnership is included in item 7 of the Concurrent List of in Seventh Schedule to the Constitution of India and therefore Parliament and Legislature of any State have power to make laws with respect to this matter as provided in Article 246 of the Constitution. According to the Section 4 of Indian Partnership Act‚ 1932 “Partnership is the relation between persons
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in Landlord and Tenant Board matters‚ civil matters before the Small Claims Court‚ and help victims receive compensation at the Criminal Injuries Compensation Board. As the business grows‚ William Detlor‚ Paralegal may expand its practice to include matters under the Provincial Offences Act and employment law. This business will
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(Rs. 200 stamp paper) PARTNERSHIP DEED THIS DEED OF PARTNERSHIP IS MADE on this 12th day of January‚ 2008 by and between Mr. A S/o C R/o XYZ hereinafter referred to as Party of the FIRST PART (which expression shall deem and include his heirs‚ executors‚ administrators‚ representatives‚ assigns and agents)‚ AND Ms. B D/o D R/o XYZ‚ Party of the SECOND PART (which expression shall deem and include his heirs‚ executors‚ administrators‚ representatives
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