What kinds of business's choose partnerships and why?
926718
People who know and TRUST each other very well (e.g. husband & wife) and whose skill sets complement each other in the business (e.g. a seller and an admin person).\n\nGenerally, partnerships are not a good choice for a business structure. The reasons are many and I won't go into them here.\n\nBetter to set up a corporation and issue shares to the owners.
170503
Partnerships strugle. Especially if one person isn't lifting their portion of the work. If your partner is not willing to sell or give up his portion, you can't kick him out of your partnership without first desolving the company. Additionally, the risk is shared. So if your partner screws up, you're held responsible.\n\nPartnerships can be good if both communicate and are clear on their expectations of each other. Specifying criteria in writing before creating the business partnership will help you out in the long run.
217157
is there a particular type of business you're inquiring about ? each one has it own subsets of issues.
941503
Mutual Agency is the right of all partners in a partnership to act as agents for the normal business operations of the partnership, with the authority to bind it to business agreements.\n\nA Limited Partnership is a business organization with one or more general partners who manage the business and assume legal debts and obligations, and one or more limited partners, who are liable only to the extent of their investments. Limited partners also enjoy rights to the partnership's cash flow but are not liable for company obligations.
1184298
Good. I am intretsted to do joint venture with you, \n\nI am running a software development firm here , www.moonmicrosystem.com\n\nI want to expand, my company need finanshial support. \n\nthank you
642683
The rules and procedures depend on the state. I suggest you go to your state's Secretary of State website. They would have a page on how to start a business in the state, then look for the link on how to start and register a partnership in the state. Without knowing the actual state, we will not be able to point you to the right direction.
172083
a limited liability company or limited liability partnership has the advantage of the partners possessing limited liability (can't go after their assets), but also have the advantage of bypassing double taxation. They're only taxed at the individual level. (However it is expensive to set up a LLC)
154549
I have never heard of such a thing. Sole Proprietorship is a business owned directly by the individual. The business has no entity of itself, all debts of the business are debts of the owner an dall assets of the business are assets of the owner. All taxes are individual taxes of teh owner.\n\nA partnership is a business owned by two or more individuals. The business may or may not be its own entity depending on how it is organized.
334469
Under a partnership, the income that passes through will be subject to the self employment tax, which basically, you are paying double the amount medicare and social security, one as an employee and the other as the employer. \n\nIn partnerships, you are not considered an employee of the entity. Its basically self employment income, almost like if you get a 1099 which you report the income on Schedule C. In your case, you will report this income on Schedule E page2.\n\nHope this helps!
758865
A partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which all have invested.\n\nIn most countries, a partnership is a nominate contract between individuals who, in a spirit of cooperation, agree to carry on an enterprise, contribute to it, by combining property, knowledge or activities and to share its profit. Partners may have a partnership agreement, or declaration of partnership and in some jurisdictions such agreements may be registered and available for public inspection. In many countries, a partnership is also considered to be a legal entity, although different legal systems reach different conclusions on this point.\n\nPartnerships are often favored over corporations for taxation purposes, as a partnership structure may eliminate the dividend tax levied upon profits realized by the owners of a corporation.\n\nThe most basic form of partnership is a general partnership, in which all partners manage the business and are personally liable for its debts. Two other forms which have developed in most countries are the limited partnership (LP), in which certain "limited partners" relinquish their ability to manage the business in exchange for limited liability for the partnership's debts, and the limited liability partnership (LLP), in which all partners have some degree of limited liability.
598855
I am a business consultant in Vancouver, but there are some great sources on entrepreneurship in TO.  Since you want to cover your *** - do not start a partnership but rather start a corporation. Partnerships can expose you to 'joint and several liability' This means both partners can be held liable for all the liabilities.  Since you are going into this with someone else (more than one shareholder) you should see a lawyer.  He or she will advise you on the best structure, shareholders agreement and importantly a buy sell agreement.
211487
different companies sponsor or promote the orginazation\n\n\nET aint real  lol
124226
You're in luck because Bplans.com has a free sample business plan for a contracting business. Take its key points and adopt it to your own situation and business strategies:\n\nhttp://bplans.com/spv/3057/index.cfm?affiliate=pas
206812
A partnership as in business or as in living cohabitatively?\nA partnership in business may have clauses in its policy concerning this subject and they must be executed if any of the partners wishes to withdraw from the business.\nIn my opinion you may have to scan the policy statements of the partnership, and it you still have a need to withdraw you may find an article that will suit your needs within the partnership policy or discrepancies in it's 'Mission Statement (non-compliance with mission statement may suffice for legal reason to request termination of contract/partnership.' Jose
1151813
That is a pretty broad question. You should have a strong business model, a product or service that is needed in the marketplace, you should listen to your customers and serve their needs, hire good people and treat them well, stand for something.\n\nRun your business with integrity and in an ethical manner. Keep costs in line with the competition or below. Be innovative.
1132092
open communication & honesty. when you minimize these, you maximize inefficiency & create an environment for problems. remember, business or not, its still a relationship. any living thing must be maintained & nurtured. you are all partners with the same goals. as long as those goals & methods are clear, then everyone is on the same page & in agreement. this makes for a smooth voyage for the team.
438291
You could form a Partnership