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.
What’s the question to this ? And what excerpt to read ?
The answer is B B A
hope this helps
The U.S refused to recognize the Philippines independence.
Most cause were in the U.S governments quest for an overseas empire of the Filipino people for freedom.
The French, Spanish, and English all had land on our continent. England tried to blockade our ships from trading with Europe. The English seized our ships and their cargo. The French seized our ships and their cargo. all the above.
