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Personal Liability In A Partnership
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Book Synopsis Personal Liability in a Partnership by : Michael Müller
Download or read book Personal Liability in a Partnership written by Michael Müller and published by GRIN Verlag. This book was released on 2011-10-05 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Study from the year 2011 in the subject Law - Comparative Legal Systems, Comparative Law, grade: A+, The University of Texas at Austin, language: English, abstract: If two or more people have decided to carry on a business together, they face the question which type of business association to choose. Since every sophisticated legal order furnishes a set of national business associations, traditionally parties, familiar with their own legal system, opted for one of those. However, the increase of cross-border commerce has broadened parties’ and their legal advisors’ perspective and has made them aware of the existence of alternative types of business associations under foreign law. At the same time, a gradual transition from the real seat theory to the incorporation theory in international company law facilitates the extraterritorial use of national business associations. Besides, the predominantly mandatory nature of business associations law in respect of external relationships with third parties can be a strong incentive to employ a foreign type of business association that differs from an otherwise comparable domestic type in a significant matter. The form of liability for the debts of a business association is such a matter of crucial importance and of mandatory nature alike. Existence and extent of this liability define the risk a member incurs by its participation. Even minor variances in this risk can affect the choice of a business association. The modern trend is to avoid personal liability as far as possible, either by choosing a corporate form, or a particular partnership form providing for limited liability. Nevertheless, it is still conceivable that the founders of a business would be willing to promote the impression of personal liability in order to attract business. This limits their choice to all kinds of internationally available “partnerships,” the concept of which, in contrast to the concept of “corporations,” is widely associated with personal liability. However, personal liability need not equal personal liability, and thus, in spite of likewise representing the general idea of personal liability, partners might consider the “partnership” of one legal order preferable to the “partnership” of another legal order. This hypothesis prompts a comparative analysis of the liability in a general partnership under UPA and RUPA and its equivalent under German law.
Book Synopsis Personal Liability in a Partnership by : Michael Müller
Download or read book Personal Liability in a Partnership written by Michael Müller and published by GRIN Verlag. This book was released on 2011-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Study from the year 2011 in the subject Law - Comparative Legal Systems, Comparative Law, grade: A+, The University of Texas at Austin, language: English, abstract: If two or more people have decided to carry on a business together, they face the question which type of business association to choose. Since every sophisticated legal order furnishes a set of national business associations, traditionally parties, familiar with their own legal system, opted for one of those. However, the increase of cross-border commerce has broadened parties' and their legal advisors' perspective and has made them aware of the existence of alternative types of business associations under foreign law. At the same time, a gradual transition from the real seat theory to the incorporation theory in international company law facilitates the extraterritorial use of national business associations. Besides, the predominantly mandatory nature of business associations law in respect of external relationships with third parties can be a strong incentive to employ a foreign type of business association that differs from an otherwise comparable domestic type in a significant matter. The form of liability for the debts of a business association is such a matter of crucial importance and of mandatory nature alike. Existence and extent of this liability define the risk a member incurs by its participation. Even minor variances in this risk can affect the choice of a business association. The modern trend is to avoid personal liability as far as possible, either by choosing a corporate form, or a particular partnership form providing for limited liability. Nevertheless, it is still conceivable that the founders of a business would be willing to promote the impression of personal liability in order to attract business. This limits their choice to all kinds of internationally available "partnerships," the concept of which, in contrast to the concept of "corporations," is widely associated wit
Author :American Bar Association. Committee on Partnerships and Unincorporated Business Organizations Publisher :American Bar Association ISBN 13 :9781590312032 Total Pages :162 pages Book Rating :4.3/5 (12 download)
Book Synopsis Prototype Limited Liability Partnership Agreement by : American Bar Association. Committee on Partnerships and Unincorporated Business Organizations
Download or read book Prototype Limited Liability Partnership Agreement written by American Bar Association. Committee on Partnerships and Unincorporated Business Organizations and published by American Bar Association. This book was released on 2003 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Uniform Partnership Act (1997) (RUPA) is a far-reaching revision and modernization of the law of partnerships. This prototype agreement explores how a partnership agreement can be crafted to the new environment.
Book Synopsis Partnership in Pennsylvania by : Walter Murphy
Download or read book Partnership in Pennsylvania written by Walter Murphy and published by . This book was released on 1885 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Principles of Accounting Volume 1 - Financial Accounting by : Mitchell Franklin
Download or read book Principles of Accounting Volume 1 - Financial Accounting written by Mitchell Franklin and published by . This book was released on 2019-04-11 with total page 1056 pages. Available in PDF, EPUB and Kindle. Book excerpt: The text and images in this book are in grayscale. A hardback color version is available. Search for ISBN 9781680922929. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.
Book Synopsis Introduction to Business by : Lawrence J. Gitman
Download or read book Introduction to Business written by Lawrence J. Gitman and published by . This book was released on 2024-09-16 with total page 1455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.
Book Synopsis How to Use Limited Liability Companies and Limited Partnerships by : Garrett Sutton
Download or read book How to Use Limited Liability Companies and Limited Partnerships written by Garrett Sutton and published by . This book was released on 2004 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Designed for entrepreneurs and individuals interested in starting their own business, this book provides an indepth study of how the special characteristics of limited partnerships and limited liability companies may be used to your advantage and to assist you in protecting assets, managing wealth and strategic estate planning to minimize taxes. It features strategic uses of limited liability companies and limited partnerships to hold real estate and other assets, how to easily manage and operate a limited liability company or limited partnership, how to creatively plan for your future and your family's future, and how to follow the rules to keep your assets protected."--Publisher description.
Book Synopsis Form a Partnership by : Denis Clifford
Download or read book Form a Partnership written by Denis Clifford and published by NOLO. This book was released on 2006 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many people dream of going into business with friends or family. What's involved in forming a partnership? How does one write a partnership agreement? This helpful book covers all the important partnership issues such as: · Financial and tax liabilities · Contributions of cash, property or services · Expanding a partnership to include others · Buyout agreements · Valuing assets Readers can take advantage of the standard partnership clauses provided or create their own customized agreement. All the forms for creating a partnership agreement are provided, both on CD-ROM and as tear-outs.
Book Synopsis Agency and Partnership by : Daniel S. Kleinberger
Download or read book Agency and Partnership written by Daniel S. Kleinberger and published by Aspen Publishers. This book was released on 1995 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: This short, self-teaching paperback is a superb way to give your students substantive foundation covering all agency and partnership issues. Use it to efficiently manage class time in your Corporations, Business Associations, or Agency and Partnership courses by allowing students to learn key concepts on their own. As part of the Little, Brown Examples and Explanations Series, AGENCY AND PARTNERSHIP: Examples and Explanations combines clear, accessible text with analytical problems and explanations to allow students to test their understanding of the material. The author devotes the first six chapters to coverage of agency And The latter five to partnership. Each chapter progresses from simple to more detailed problem to reinforce learning and give students practice with more complex issues. Other helpful features include: -diagrams that enhance textual discussion -thumbnail lists of key issues regarding RUPA -clear readable format Whether you teach a combination course or a separate Agency and partnership course, give your students a solid background in this important are. Assign or recommend AGENCY AND PARTNERSHIP:Examples and Explanations! Table of Contents Preface Introduction Special Notice PART ONE: AGENCY 1: Introductory Concepts in the Law of Agency 1.1 the Agency Relationship Defined and Exemplified; Its Players Identified 1.2 Creation of the Agency Relationship 1.3 the Relationship of Agency and Contract 1.4 Major Issues in the Law of Agency 2: Binding Principals to Third Parties in Contract and Through Communications 2.1 'Binding the Principal' 2.2 Actual Authority 2.3 Apparent Authority 2.4 Estoppel 2.5 Inherent Agency Power 2.6 Ratification 2.7 Chains of Authority 3: Binding the Principal in Tort 3.1 Overview 3.2 Respondeat Superior 3.3 Liability for Physical Harm Beyond Respondeat Superior 3.4 Torts Not Involving Physical Harm 3.5 Attributing Torts in Complex or Multilevel Relationships 4: Duties and Obligations of Agents and Principals to Each Other and to Third Parties 4.1 Duties and Obligations of the Agent To The Principal 4.2 Duties and Obligations of the Agent to Third Parties 4.3 Duties and Obligations of the Principal To The Agent 4.4 Duties and Obligations of the Principal to Third Parties 5: Termination of the Agency Relationship 5.1 Ending the Agency Relationship 5.2 Power Versus Right in Termination 5.3 Effects of Termination 6: Distinguishing Agency from Other Relationships 6.1 Agency and Other Beneficial Relationships 6.2 Ersatz Agency 6.3 Constructive Agency PART TWO: PARTNERSHIPS 7: Introductory Concepts in the Law of General Partnerships 7.1 the Role and Structure of the Uniform Partnership Act 7.2 Partnership Described 7.3 the Hallmark Consequence of Partnership: Partners' Personal Liability For The Partnership's Debts 7.4 Contesting and Establishing the Existence of a Partnership 7.5 Partnership by Estoppel RUPA Highlights 8: Financial Aspects of a Partnership (Creation and Operation) 8.1 the Practical Background 8.2 the Partner's Basic Return 8.3 Rules for Sharing Profits and Losses 8.4 A Partner's Right to Indemnity 8.5 Remuneration for Labor Provided by Partners To The Partnership 8.6 Remuneration for Capital Provided by Partners To The Partnership 8.7 Special Problems with K-and-L Partnerships 8.8 Property Interests in Partnership Law RUPA Highlights 9: Management Issues and Fiduciary Duties 9.1 the Panoply of Management Rights 9.2 the Right to Know 9.3 the Right to Be Involved in the Business 9.4 the Right to Bind the Partnership 9.5 the Right to Participate in Decision Making and to Veto Some Decisions 9.6 Agreements That Change Management Rights 9.7 Management Duties 9.8 Partner's Fiduciary Du
Book Synopsis The Law of Limited Liability Partnerships by : John Whittaker
Download or read book The Law of Limited Liability Partnerships written by John Whittaker and published by Tottel Publishing. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive guide to the law relating to this particular type of corporate vehicle, which combines a degree of protection from personal liability with the traditional flexibility of a partnership.
Book Synopsis Limited Liability Company & Partnership Answer Book, 4th Edition by : Frazier, Strauss
Download or read book Limited Liability Company & Partnership Answer Book, 4th Edition written by Frazier, Strauss and published by Wolters Kluwer. This book was released on 2019-11-18 with total page 2020 pages. Available in PDF, EPUB and Kindle. Book excerpt: Limited Liability Company and Partnership Answer Book
Book Synopsis Bromberg and Ribstein on Limited Liability Partnerships and the Revised Uniform Partnership Act by : Alan R. Bromberg
Download or read book Bromberg and Ribstein on Limited Liability Partnerships and the Revised Uniform Partnership Act written by Alan R. Bromberg and published by . This book was released on 2008 with total page 1168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Form a Partnership by : Denis Clifford
Download or read book Form a Partnership written by Denis Clifford and published by Nolo. This book was released on 2020-08-25 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The nuts-and-bolts guide to forming a partnership A solid partnership agreement is the foundation for a lasting and successful business partnership. Dont skip this essential step, or you might run into major problems later. Form a Partnership helps you create the agreement you need for your shared business venture. It takes you through the important issues, then helps you write your own partnership agreement tailored to your needs, clause-by-clause. The book covers: cash, property, and service contributions financial and tax liabilities how partners will make decisions allocating profits and losses admitting new partners what happens if a partner wants out buying out a partners interest the death of a partner and much more. The 11th editioncompletely updated to reflect current law and business issuesprovides the forms, worksheets, and legal information you need to create a partnership agreement. With Downloadable Forms: download and customize partnership agreements (details inside).
Book Synopsis The Modern Law of Partnership by : Scott Rowley
Download or read book The Modern Law of Partnership written by Scott Rowley and published by . This book was released on 1916 with total page 966 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fundamentals of Business (black and White) by : Stephen J. Skripak
Download or read book Fundamentals of Business (black and White) written by Stephen J. Skripak and published by . This book was released on 2016-07-29 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: (Black & White version) Fundamentals of Business was created for Virginia Tech's MGT 1104 Foundations of Business through a collaboration between the Pamplin College of Business and Virginia Tech Libraries. This book is freely available at: http://hdl.handle.net/10919/70961 It is licensed with a Creative Commons-NonCommercial ShareAlike 3.0 license.
Download or read book Strategic Management (color) written by and published by . This book was released on 2020-08-18 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Management (2020) is a 325-page open educational resource designed as an introduction to the key topics and themes of strategic management. The open textbook is intended for a senior capstone course in an undergraduate business program and suitable for a wide range of undergraduate business students including those majoring in marketing, management, business administration, accounting, finance, real estate, business information technology, and hospitality and tourism. The text presents examples of familiar companies and personalities to illustrate the different strategies used by today's firms and how they go about implementing those strategies. It includes case studies, end of section key takeaways, exercises, and links to external videos, and an end-of-book glossary. The text is ideal for courses which focus on how organizations operate at the strategic level to be successful. Students will learn how to conduct case analyses, measure organizational performance, and conduct external and internal analyses.
Book Synopsis Elements of the Law of Partnership by : Floyd Russell Mechem
Download or read book Elements of the Law of Partnership written by Floyd Russell Mechem and published by . This book was released on 1896 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
