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Published byOsborn Dixon Modified over 6 years ago
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General Partnership Click on audio to begin presentation. All other audio will begin automatically.
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Characteristics Partnership Agreement Pass-Through Entity
Joint and Individual Liability
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Default Rights in Relation to One Another
Unless otherwise outlined in agreement: At all times: Equal Rights to Manage Voting Schemes Equal Rights to Profits and Losses Access to Partnership Books Fiduciary Duty to the Business
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Partners’ Rights in Relation to Third Parties
Agency Imputation of notice
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Partnership Agreement
Name, address and duration Purpose Membership Management and limits of authority Contributions Allocations Accounting Dissolution
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Formation Create a partnership agreement
File a Certificate of Assumed Name Insurance
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