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.
<span>C. The drought and ecological disaster of the central United States in the 1930s
The Dust Bowl describes the affect of a drought on the central americas, which led to plain fires, creation of deserts (as there was little water), as well as the effect it has on the crop market, the availablity of crops, as well as prices.
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Many people believed the Cumberland Road would draw industry away from the North to the southern states. <span>
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Answer:
In his farewell address, Washington warned about spiritual party, but the people ignored it and continued to have strong believes in there parties.
Explanation:
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