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.
Answer:
Mexico refused to recognize the Republic of Texas, and intermittent conflicts between the two countries continued into the 1840s. The annexation of Texas as the 28th state of the United States, in 1845, led directly to the Mexican–American War.
Start date: October 2, 1835
End date: April 21, 1836
Explanation:
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The European nations divided Africa amount yo selves in 1884 at the: Berlin Conference.
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The Berlin Conference of 1884–1885, also known as the Congo Conference (German: Kongokonferenz) or West Africa Conference (Westafrika-Konferenz), regulated European colonization and trade in Africa during the New Imperialism period and coincided with Germany's sudden emergence as an imperial power.
