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 US involved themselves in the Vietnam war to stop the spread of communism
A. Government provides services that would not be practical for private business
Answer:
No, a new state law overrules a federal law is not permitted. According to the constitution the law made under the authority of the United States , shall be the supreme law of the land. As a result of this all federal laws overrules the state laws, judges in every state are bound by the federal laws irrespective of what the state laws state. The federal government can pass laws that affect every state, state government obey treaties signed by the federal government and any new federal law will force the state to change Its existing laws.
Explanation:
What are your thoughts on why the modernization of Quebec was called "The Quiet Revolution"?
The name is a paradoxical one due to this period was a tumultuous one that shaped Quebec's traditional Catholic administration into a modern city held by the government. These attempts were achieved in a <em>tranquil</em> way, hence the term in French <u><em>"Révolution tranquille".</em></u> The name, coined by a journalist from Toronto, illustrates the notion that it wasn't a revolution per se. It wasn't formed through military conflict, manifestations or violence, but through beliefs and reforms that eagerly attempted to change and revolutionize Quebec.
