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.
The thirteen American<span> colonies declared their independence from Britain in 1776.</span>
Answer:
Pursue- to work to obtain something
Dominant- being the most influential
Humanism- a movement focusing on people and reason instead of religion
Vernacular- the everyday language of a particular place
Answer:
conflict,
drought,
famine, or extreme religious activity.
Many experts believe that the decline of the ancient Aryan civilization was caused by environmental changes. Another theory suggests that a sharp rise in the Aryan population led to the decline.
