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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:
When the Declaration of Independence says that unalienable rights are "endowed by their Creator," it means those rights are Inalienable.
Explanation:
Declaration of confederation affirmed that people are born with some incontrovertible rights.
The forerunners believed God and they were religious and conventional. Some rights are divinely imposed and they believed that no earthly power can deny them. So no government can reject theses rights.
They also believed that whenever any government became tyrannical and despotic, the common people had all rights to alter or abolish the existing government through protests can depose the government and help in bringing out a new government.
