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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.
The American Expeditionary Force was commanded by General John J. Pershing. This force helped the Allied forces tremendously during World War I. These US forces helped a variety of countries from 1917-1919 including countries like Great Britain, France, Italy, and Canada. This group of 2 million men served bravely and was officially disbanded as of 1920.
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<span>The Framers believed their most important action in preventing the rise of tyranny in America was to divide the key powers of government among the three branches.
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The gulf of Tonkin incident led the United States Congress
to overwhelming approve the Gulf of Tonkin Resolution. This resolution gave
President Lyndon B. Johnson virtually unlimited powers to oppose communist
aggression in Southeast Asia. President Lyndon was also advised on how any
potential war with the North Vietnamese might be fought.
