or B. 3. Shareholder wealth maximization means ________. a. maximizing earnings per share b. maximizing dividends per share c. maximizing the price of existing common stock d. maximizing stockholders equity 4. A limited partnership provides limited liability to ________. a. all general partners b. only limited partners responsible for day to day management of the firm c. only to limited partners who do not participate in the management of the business d
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and Formation of a Partnership A partnership is a contract whereby two or more persons bind themselves to contribute money‚ property or industry into a common fund with the intention of dividing the profit among themselves (Article 1767 of the Civil Code of the Philippines). This joint effort may be supported by a partnership agreement known as the Articles of Co-Partnership‚ which is an agreement in writing among the partners governing the nature and terms of the partnership contract. A written
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Each traditional business form‚ sole proprietorships‚ corporations‚ and partnerships‚ all have their own advantages and disadvantages. Before you enter any of these types of business forms‚ you should always weigh out the advantages and disadvantages of what you are getting yourself into to see if it is worth it. A sole proprietorship is the simplest form of business organization where the owner is the business. There are many advantages to a sole proprietorship. One major advantage is that the
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exciting‚ yet overwhelming experience. Before you can launch your business venture‚ deciding the form of business organization will be one of the first things necessary. Some of these business organizations include; sole proprietors‚ corporations‚ and partnerships. With choosing which organization to go with one must consider consequences in lieu of legal issues‚ taxes‚ financial statements‚ and accounting practices. A new business venture will be summarized along with the business organization type and
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MANAGEMENT ASPECT A. Form of Ownership The business shall be organized under a general partnership contract as defined in Article 1767 of the Civil Code of the Philippines as‚ a contract of two or more persons who bind themselves to contribute money‚ property or industry into a common fund with the intention of dividing profits among themselves. In terms of liability the partnership shall be under the general partnership where all of the partners are liable jointly and severally with respect as to the
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they have chosen to operate the business as a general partnership‚ and that the partnership is formed in a jurisdiction that has adopted the Uniform Partnership Act (UPA). Tricky invested $1‚000‚ Macy invested $9‚000‚ and Esthero didn’t invest any capital. Macy also loaned the business an additional $50‚000 to be paid back at a fixed interest rate over a period of five years. 1) Assume for purposes of this question only that the partnership agreement is silent as to how profits will be split.
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liable for its debts since the business is a separate legal entity. 16. Although not required by law‚ a written partnership agreement that spells out the terms of operating the partnership and the status of each partner should be developed. 17. A general partner is personally liable only for the amount of money he has invested in the partnership. 18. One of the advantages of a partnership over a proprietorship is the increased sources of capital and credit it offers. 19. One
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CH. 3: BUSINESS ORGANIZATIONS: PARTNERSHIPS (GPPs‚ LLPs AND LPs) Overview: Three kinds of partnerships: General partnership (“GPP”) Limited liability partnership (“LLP”) Limited partnership (“LP”) General Partnerships (“GPP”): (1) Description Two or more legal entities (individuals‚ corporations) owning and operating a business together for profit (2) Formation a) Requirements: Partnerships Act (“PAct”) says GPP arises automatically if 4 requirements met: (i) 2
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Weaknesses The ideal joint partnership for Marriott will be with a corporation that has tangible and intangible resources (i.e.‚ assets‚ skilled employees) and years of experiences in the business which would be complementary (Schmitz‚ 2012; Jurevicius‚ 2013); therefore‚ assessing the strengths and weaknesses of a potential partner is vital. Strengths. Strengths of Frasers are analyzed to determine how they align with Marriott’s search for joint partnership (Fraser Centrepoint Limited‚ 2017;
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Chapter 50- Real Property and Landlord- Tenant Relationship Landlord Tenant Relationship A Lease Contract arises when a property owner (Landlord) agrees to give another party (Tenant) exclusive rights to possess the property- usually for a price and for a specified term. Landlord Duties 1. Implied warranty of habitability- The premises must be fit for basic human habitation 2. Possession- A landlord is obligated to give a tenant possession of the property that the tenant has agreed to
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