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General Partnership
A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business undertaking in which all have invested. Partnerships are often favored over corporations for taxation purposes, as the partnership structure does not generally incur a tax on profits before it is distributed to the partners (i.e. there is no dividend tax levied). However, depending on the partnership structure and the jurisdiction in which it operates, owners of a partnership may be exposed to greater personal liability than they would as shareholders of a corporation.
Wisconsin Attorney General J.B. Van Hollen won't defend the domestic partnership law.
''When the people have spoken by amending our Constitution, I will abide by their command. When policy makers have ignored their words, I will not...
Wisconsin Attorney General Won't Defend the State Domestic Partnership Law Against a Constitutional Challenge:
A reader passes along this statement from the Wisconsin Attorney General (and news reports seem to confirm that it's genuine):...
Law Firm Partnership Exits, Partnership Contracts and Fiduciary Limbo
With my Business Organizations students, after reading the "grabbing and leaving" agency cases, I always raise the question of what an exiting law firm partner can do without breaching her fiduciary duty to the partnership - in preparation to leave...
Monroe: Can the Partnership Anti-Abuse Rule Stop Partnership Tax Abuse?
Andrea Monroe (Temple) has posted What?s in a Name: Can the Partnership Anti-Abuse Rule Really Stop Partnership Tax Abuse?, 60 Case W...
News from the Virginia Attorney General Race--Former Attorney General Jerry Kilgore Endorses John Brownlee for Attorney General in 2009
Former Virginia Attorney General Jerry Kilgore announced this morning that he has endorsed John Brownlee's bid to secure the Republican nomination for that post...
General Petraeus steps down, General Odierno assumes new role of Combatant Commander
Today is General David Petraeus’ last day in command of our troops in Iraq. General Petraeus devoted his life to this country, and his exemplary service in this fight made him the most knowledgeable and credible on the situation on the ground in Iraq...
First off, I am not sure what to call my relationship with my partner (female), I am male who has been living with me for the better part of the last 6-7 years. We broke up for 3 months this year, she moved out and now s
First it depends on the state your in, is it a commonwealth state? Like PA? If s...
What is the difference between appointing an Executor, a personal representative of a will, and a General Durable Power of Attorney?
The executor is the person you name in your will to probate your estate once you...
How do I create a Partnership Agreement for my co-inventor and myself?
1. Meet with all the prospective partners. Plan to spend several hours discussin...
Can a partnership be dissolved upon the death of one of two partners (CA)?
This website may be able to help you....
Can I be fired for working a second job?
sadly you can be fired for anything thats not discriminatory, so yeah you can.
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First off, I am not sure what to call my relationship with my partner (female), I am male who has been living with me for the better part of the last 6-7 years. We broke up for 3 months this year, she moved out and now s
First it depends on the state your in, is it a commonwealth state? Like PA? If s...
What is the difference between appointing an Executor, a personal representative of a will, and a General Durable Power of Attorney?
The executor is the person you name in your will to probate your estate once you...
How do I create a Partnership Agreement for my co-inventor and myself?
1. Meet with all the prospective partners. Plan to spend several hours discussin...
Can a partnership be dissolved upon the death of one of two partners (CA)?
This website may be able to help you....
Can I be fired for working a second job?
sadly you can be fired for anything thats not discriminatory, so yeah you can.
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