A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Types of Partnership Business

Active or Managing Partner:
Active or Managing Partner:

An active partner is an invested person that takes on duties that regularly involve them in the daily operations of a partnership. An active partner is an invested person that takes on duties that regularly involve them in the daily operations of a partnership.

Cooperative
Cooperative

Co-operatives and partnerships: What small businesses need to know Co-operatives and partnerships: What small businesses need to know Although most entrepreneurs opt to run small businesses alone, there are other models that can help lower operating costs and workload.

source: cbc.ca
General Partnership
General Partnership

A general partnership is an arrangement by which two or more persons agree to share in all assets, profits and financial and legal liabilities of a business. Such partners have unlimited liability, which means their personal assets are liable to the partnership's obligations.

Hybrid Business
Hybrid Business

LLCs are viewed as a hybrid between a partnership and a corporation because it offers the limited liability of a corporation but has the tax advantages of a partnership. Advantages of a LLC: Profits pass through the LLC and taxes are paid personally by the members (owners) of the company.

source: jux.law
Limited Liability Company
Limited Liability Company

A limited liability company (LLC) is the United States of America-specific form of a private limited company. It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Limited Liability Company (LLC)
Limited Liability Company (LLC)

A limited liability company (LLC) is the United States of America-specific form of a private limited company. It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Limited Liability Limited Partnership (LLLP)
Limited Liability Limited Partnership (LLLP)

The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership, a form of business entity recognized under United States commercial law. An LLLP is a limited partnership and as such consists of one or more general partners and one or more limited partners.

Limited Liability Partnership (LLP)
Limited Liability Partnership (LLP)

A limited liability partnership (LLP) is a partnership in which some or all partners(depending on the jurisdiction) have limited liabilities. It therefore exhibits elements of partnerships and corporations.

Limited Partnership
Limited Partnership

BREAKING DOWN 'Limited Partnership - LP' Generally, a partnership is a business that is owned by two or more individuals. There are three forms of partnerships: general partnership, joint venture and limited partnership. The three forms differ in various aspects, but they share similar features.

Manufacturing Business
Manufacturing Business

How do I come up with a Business Partnership Proposal with a Manufacturing Partner in India?

source: quora.com
image: industr.com
Merchandising Business
Merchandising Business

A merchandising business is a company that purchases finished goods for the purpose of reselling them to customers to earn a profit. Distributors and retailers are both common examples of companies that buy goods for resale.

source: reference.com
Minor as a Partner:
Minor as a Partner:

Minors and partnership rights. On February 14 , 2015 By Neerja Gurnani. Anonymous. Editor’s note: This paper deals with the rights and liabilities of a minor with respect to a partnership, under S.30 of the Indian Contract Act. A minor, while not being a full-fledged partner in any case, can only avail the benefits of such partnership via consent of all partners, not all of which can be ...

source: lawctopus.com
Nominal or Ostensible Partner:
Nominal or Ostensible Partner:

Often a nominal partner is a well known, well connected individual whose name lends credibility and recognition to the firm, and is paid a fee for this service. Also called limited partner or ostensible partner.

Nonprofit Corporation
Nonprofit Corporation

Get help starting a business. Form an LLC, corporation, partnership, or nonprofit with LegalZoom and get access to all the tools you need to start and manage a successful business.

source: legalzoom.com
Partner by Estoppel or Holding out:
Partner by Estoppel or Holding out:

Estoppel would operate to stop one of the Inferred "partners" from denying the liability which arises from the inferred partnership. whether holding out applies is a mixed question of fact an Law and would ned to be the subject of detailed instructions.

source: lawguru.com
Partner in Profits Only:
Partner in Profits Only:

How Business Partnerships are Taxed. As you structure your profit sharing agreement you’ll also need to be aware of how the IRS taxes partnerships. In a partnership the business “passes through” any profits or losses to its partners. Partners include their respective share of the partnership’s income or loss on their personal tax returns.

source: fundbox.com
S Corporation
S Corporation

Whether you choose to run your business as an S corporation or a partnership has a number of significant effects, especially in management and taxes. A partnership is an association of people who run a business together. An S corp is a corporation or limited liability corporation that made a special election to allow the owners to take advantage of pass-through taxation while still maintaining the benefits of limited liability.

image: startyr.com
Service Business
Service Business

A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the business.

source: irs.gov
image: ceoworld.biz
Sleeping or Dormant Partner:
Sleeping or Dormant Partner:

Definition of SLEEPING PARTNER: A dormant partner ; one whose name does not appear in the firm, and who takes no active part in the business, but who has an interest in the concern, and shares the profits, and thereby becomes a partner, either absolutely, or as respects third persons.

Sole Proprietorship
Sole Proprietorship

Choosing to structure a business as a sole proprietorship, partnership or corporation impacts the paperwork and taxes a business must prepare and the level of risk an individual assumes.

Related Facts