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.
After World War 2, the U.S. emerged as a world superpower and our economy was booming. Our nation was extremely rich, basically.
This is opinionated...
The world solely dense on fossil fuels. In 2011 fossil fuels accounted for approximate 82 percent of the worlds primary energy use. The use of fossil fuels is expected to be on a decline by 2040 but that doesn’t mean we can keep the environment safe while trading. We need fossil fuels to help deliver good and/or services around the world to build bonds with other countries. So no, we cannot protect the earths environment while expanding trade around the world.
