Whether You Know It Or Not Intent to form relationship creates partnership Partnership inferred if elements of partnership are present and intended, even if partners don’t consider or intent to have a partnership. Partnership Agreement: Optional (RECOMMENDED) If no partnership agreement state “default” laws apply. Example: Unless stated otherwise, unanimity is required to amend partnership agreement, admit new partners and terminate the partnership. Other management decisions require a majority vote (unanimous in a 2 person partnership), unless otherwise agreed
Posted on: Mon, 17 Mar 2014 04:07:29 +0000
Trending Topics
Recently Viewed Topics
© 2015