Identify the pros and cons of the partnership as a form of ownership? A partnership is formed when two or more people engage in a business activity and share investment‚ profit and loss. Just like any other form of ownership‚ it has its advantages and disadvantages. Following we discuss some of the pros and cons of a partnership. Pros of the Partnership (1) Ease of Formation: Partnership is comparatively simple to form. All you need to form a partnership is an agreement. A verbal agreement
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Unit 012 012_1 Understand partnership working within the context of services for children and young people. 1.1 When people working with children and young people work together‚ it can be very positive for the children and young people concerned. The adults could be parents‚ carers‚ colleagues‚ professionals or multi-disciplinary teams. They need to communicate‚ exchange information‚ share their knowledge and experience and understand each other’s roles. whe If you work well as a team in your
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Case Study: Elements of Success or Failure Maurice D. Wilcher‚ MBA University of Phoenix School of Advanced Studies Case Study: Elements of Success or Failure Forces Leading to the Partnership: When America ’s economical crisis reached its apex‚ domestic car manufacturers were at the forefront of struggling industries‚ and Chrysler was one of the hardest hit (Car and Driver‚ 2008). In 2008 the automotive giant‚ along with fellow industry stalwart General Motors‚ received a $17.4-billion
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Existence of Sino-Russian partnership Generally‚ the reason causing the formation of Sino-Russian energy mercantilist partnership in Central Asia is the containment of liberal penetration of U.S. Details would be explained as below. In term of value‚ Central Asia traditionally sticks to Russia as countries are pre-communist regimes. It possesses abundant natural resources. For instance‚ the area of Caspian Sea consists 210 billion barrels of oil which is about 4 trillion U.S dollars. 4.89 million
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PUBLIC PRIVATE PARTNERSHIP FOR INFRASTRUCTURAL GROWTH- IS IT THE BEST MODEL? Private public partnership for infrastructure growth- Is it the best model? ABSTRACT The paper reviews the concept of PPP‚ its importance and relevance in furthering infrastructural growth in a developing nation like India. Thereafter the application of this theoretical overview is seen in the study of various successful projects in which PPP was implemented- one of the best examples
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partners in a partnership. Rules In determining whether there is a partnership‚ the essential elements of a partnership must first be satisfied‚ that is: a business is being carried on; the business is carried on ‘in common’; and there is ‘a view to profit’. If these definitional elements for a partnership are met‚ one can next consider the rules for the determination of the existence of the partnership: co-ownership of property‚ which does not necessarily indicate a partnership; sharing
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Running Head: Limited Liability Corporation and Partnership Paper Limited Liability Corporation and Partnership Paper University of Phoenix Michael Charley FIN/419 - FINANCE FOR DECISION MAKING Finance 05/17/2011 - 06/20/2011 Instructor: TONY MOSES In today’s economy there are many decisions business owners have to make in order for their business to sustain and grow. With that being said‚ business owners are now looking at the operations and structure of their business more frequently
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Fundamentals of Business Law. Summarized Cases. 8th Edition 24.4 Indications of Partnership – Norris v. Fontenot. In 1996‚ Stafford Fontenot‚ Steve Turner‚ Mike Montelaro‚ Joe Sokol‚ and Doug Brinsmade decided to go to Atlanta‚ Georgia‚ the site of the Olympic Games to sell Cajun food. They started the preparations about 6 month before‚ choosing “Prairie Cajun Seafood Catering of Louisiana” as their name. On May 19‚ they applied for a license with the designated department in Fulton County‚ Georgia
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Before commenting upon the nature of Limited Liability Partnerships (LLP) it is necessary to understand the system of partnership that it embodies. The LLP is provided for by the provisions of the Limited Liability Partnership Act‚ 2008. Under this act the LLP has been described as a “body corporate” and a artificial legal personality with perpetual succession. Under the LLP the partners can manage the rights of duties though the means of an agreement that would be governed by the LLP act. The interested
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Assignment Submission Document – Please attach to work submitted Qualification Unit number and title Edexcel BTEC Level 4 HNC Diploma in Health and Social Care Unit 5: Working in Partnership in Health and Social Care Learner Name Assessor Name Euthan Newman Assignment issue date First submission date Final submission date 16.09.2013 06.01.2014 13.01.2014 Criterion PASS Initials Criterion MERIT Initials Criterion DISTINCTION Initials AC1.1 M1 D1 AC1.2 M2
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