A partnership is an unincorporated association of two or more individuals to carry on a business for profit. Many small businesses, including retail, service, and professional practitioners, are organized as partnerships.
A partnership agreement may be oral or written. However, to avoid misunderstandings, the partnership agreement should be in writing. The agreement should identify the partners; their respective business‐related duties and responsibilities; how income will be shared; the criteria for additional investments and withdrawals; and the guidelines for adding partners, the withdrawal of a partner, and liquidation of the partnership. For income tax purposes, the partnership files an information return only. Each partner shares in the net income or loss of the partnership and includes this amount on his/her own tax return.
Answer:
Feudal Japanese and European societies were built on a system of hereditary classes. The nobles were at the top, followed by warriors, with tenant farmers or serfs below. There was very little social mobility; the children of peasants became peasants, while the children of lords became lords and ladies
europe Feudalism was a political system in which nobles were granted the use of land that legally belonged to the king. In return, the nobles agreed to give their loyalty and military services to the king. Feudalism developed not only in Europe but also in countries like Japan.
I believe here are the challenges:
<span>a) competition grom countries with larger economies (the strongest competitor come from United States, China, Russia, Japan, and South Korea)
</span><span>c) an aging population, ( In recent years they experienced about 77% increase in elderly population)
d) members with weak economies (Most notably is Greece which is really close to bankruptcy)</span>
The answer is charcoal cooking fires.
