STUDY UNIT 2: ESTABLISHMENT AND FINANCIAL STATEMENTS OF A PARTNERSHIP PARTNERSHIP - A partnership is a legal relationship which arises when an agreement is entered into by two to twenty people. Each partner contributes something – cash‚ assets‚ knowledge etc to the business with the aim of making a profit which is shared according to an agreement. 2.2 Reasons for forming partnerships o To increase the amount of capital in the business o To eliminate competition o To bring capital and
Premium Partnership Joint and several liability
Civil Law SUMMER REVIEWER CHAPTER 1: GENERAL PROVISIONS PARTNERSHIP - a contract wherein two or more persons bind themselves to contribute money‚ property‚ or industry to a common fund‚ with the intention of dividing the profits among themselves. (see Art. 1767‚ CC) (General Professional Partnership‚ Art.1767¶2) Two or more persons may also form a partnership for the exercise of a profession. ELEMENTS OF A PARTNERSHIP: There shall be a partnership whenever: 1. There is a meeting of the minds; 2. To
Premium Partnership
legal entity that can conduct business under its own name. More and more business owners’ are electing to form LLC’s every year but why exactly are so many business owners now doing this? As the name limited liability suggests the reason why so many business owners are deciding to form an LLC is to reduce their personal liability. For example if you continue to operate your business as a sole proprietor or partnership you are personally responsible for any business debts and for lawsuit settlement
Premium Corporation Limited liability company Limited company
Life is what you and you alone make of it! What is your view? I believe that we can make our lives into what we want them to become if we have enough drive and reserve to achieve our goals. Our lives are our own‚ waiting for us to take them and mold them into exactly what we want. However‚ our lives are very much influenced‚ affected‚ and controlled by the people around us. Friends‚ parents‚ society‚ and even ourselves‚ can inhibit our hopes and dreams just as much as they can help us achieve
Premium 2002 albums Supreme Court of the United States 2004 singles
Q1 explain in brief the process involved in personal selling The 8 Step Personal Selling Process - let us help you Personal selling is the most expensive form of advertising and to be effective one should use a step by step process to gain the most benefit. Personal selling can adjust the manner in which facts are communicated and can consider factors such as culture and behaviour in the approach. They can ask questions to discover the specific need of the customer and can get feedback and
Premium Sales Marketing
This poem‚ like Before You Were Mine‚ is autobiographical‚ but more obviously so. Mrs. Tilscher is a real person‚ who taught Carol Ann Duffy in her last year at junior school. The poem is about rites of passage‚ the transition (move or change) from childhood to adolescence and the things we learn at school‚ from our teachers and from our peers. Duffy also associates the oppressive feeling we have in humid weather with the physical changes of puberty. Leaving primary school for the last time is like
Premium Poetry Literature English-language films
ways of Hearing God are never just theory. They come out of your own adventures." Loren Cunningham Have you ever questioned yourself on hearing God’s voice‚ whether it is for a life changing decision or a passing thought? Have you ever been inches away from your goal and wondered‚ "Is this really you‚ God?" If so‚ then this book is for you. Is That Really You‚ God? Hearing the Voice Of God is the story of how one man’s dream of seeing young people impact the nations by sharing
Premium Jesus Hearing Christianity
Title : Lean On Me Year : 1989 Director : John G. Avildsen “Lean on Me” is a biographical-drama movie released at 1989 and directed by John G. Avildsen‚ the director of “ Karate Kid”. The film stars (Morgan Freeman) as Joe Clark‚ real life high school principal in Paterson‚ New Jersey. “Lean on me” is loosely based on the story of Joe Clark‚ whose school is at risk of being taken over by the New Jersey state government unless students improve their test scores. Joe Louis Clark‚ aka “Crazy
Premium Teacher High school New Jersey
after living in the assigned country. much volunteer experience repeated several times. a young woman who served as a volunteer in Paraguay describes his experience in this small South American country : " When I arrived in Paraguay ‚ I worked as a consultant for a new program to teach children preescholares In the past‚ there were no programs like this and the children went inside. in first grade without any preparation . many of these children spoke only Guarani and as a result had to stay one more
Premium United States South America Americas
What many people do not realize is that scatology is more abundant than they think. It is in books‚ music‚ movies and almost every other medium of communication or entertainment. It has worked its way into our language‚ and the traditional words associated with scatology have even evolved to have new or multiple implications. Another important detail about scatology which more people need to understand is that it is not‚ in most cases‚ used for the sake of mere obscenity. Of course‚ there are individuals
Free Satire