Corporations

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Pre-written Papers:

Title: Corporations

Essay Details:

Subject: Business

Author: Monica G

Date: May 22, 2015

Level:

Grade: A

Length: 36 / 10599

Essay text:

This includes all personal, real property to settle the debts of the partnership. See Uniform Partnership Act 2. Continuity of Existence-Dissolves on death or bankruptcy of any partner 3. Tax Treatment-Partnership files information return, the income passes through to partners, according to terms of the partnership agreement. They pay individual taxes on the profits and can deduct losses. NOTE-For tax purposes, if you have more losses, it is better to be a partnership. If you make a huge profit, it??s better to be a corporation. 4. Creation of entity a. Default Form: b. A GP is formed either by a consent K or by operation of law...

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