the same or coincide with one another. Next is the designation of tasks followed by how the conflicts will be resolved. The last two focus on the future of the business and the partnership. It is about what the partners would do if someone intends to buy the business and if the time came for the dissolving of the partnership. Having the need to worry about picking the right partner and at the same time the tiring
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Electric Company (udupi) Pvt. Ltd. On 21st‚ April‚ 1999; the company got its name changed under the registrar of companies. The new name of the company was changed from Prakash Electric Company Pvt. Ltd.‚ with effect from 24.09.2008. This company limited by shares has registered office in Ambalpady‚ near Udupi. ‘HARSHA’ the Retail outlet of Prakash Electric Company In 1980’s there was a huge demand for television in Udupi‚ among the middle and upper class sections of the society. The need for television
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A charity for profit entity exists‚ and its role is to serve a charitable mission‚ but they are legally for profit. Profit charities basically focus on revenue and runs like a company. Their aim is generating profit for their company. Because it is a charity for profit‚ they have to pay taxes for the profit they made‚ while a nonprofit charity will not be taxed. Charites for profit can be categorized into two different sections. Firstly‚ the benefit corporation charities. They can maximize their
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best for all to have precise‚ clear explanations all of all essential fundamentals for the termination of their business partnership. An acknowledgement of the effective termination date would need to be set‚ and all potential risks‚ if any‚ should be stated for all parties. The owners and the chefs would meet for a period of 30 minutes and try to dissolve their partnership. The owners and the chefs blame each other for the failure of At Your Service; however‚ all partakers should act as responsible
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the Agreement. 1.1 The production company will employ the Director for making the film “The Stranger” (hereinafter the “Film A”) in accordance with the terms and conditions agreed in this Employment Agreement (hereinafter the “Agreement”). 2. Liabilities and Obligations of the Director and the Production Company. 2.1 The Production Company will be obliged to pay the Director 15% of the Films A revenue. 2.2 The Production Company will be obliged not to employ any other director other than Mr. Luka
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? Limited liability company The idea began to resonate in my mind about a year ago that I should have a career that I would love and really enjoy going to work for. Soon after I came to that conclusion it dawned on me that that job for me would be to own my own coffee shop. Choosing what the business does is only a drop in the bucket when it comes the steps of creating that business. First I need to decide whether I should go into this business venture with someone else‚ otherwise known as
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of partnerships - a general partnership‚ limited partnership‚ and limited liability partnership. General partnerships consist of two or more partners who are both responsible for the business. They share the assets and profits‚ as well as the liabilities and management responsibilities for running the business. A business owner may opt for either a limited partnership or a limited liability partnership. In a limited partnership‚ there are one or more general partners and one or more limited partners
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The Appeal of the Limited Partnership “Flow Through Vehicle” in First Nation Venture Structuring Presented by: Malcolm P. MacPherson Barrister & Solicitor Principal | Vancouver Business Law ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Suite 1200 - 543 Granville Street Vancouver‚ BC‚ V6C 1X8 Tel: 604.629.8904 Cell: 604.928.4202 Fax: 604.629.8523 Email: mpm@vancouverbusinesslaw.ca Website: www.vancouverbusinesslaw.ca 1. Introduction 1.01 General Overview In British Columbia‚ there are three
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Accounting for Partnerships In the business world‚ there are different types of businesses can be classified into various forms of ownership. Some of those forms are a corporation‚ sole proprietorship‚ and a partnership. The form I will be discussing in this paper is called a partnership. A partnership is when two or more people own and operate in a business which also takes part of the responsibility. Our text says that “Partnerships are a popular form of business because they are easy to form
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Partnership Advantages and Disadvantages There are distinct partnership advantages and disadvantages. Before going into partnership advantages and disadvantages and especially before starting a partnership‚ let’s first define "partnerships" and make sure we know how they operate. The particular rules about partnerships lead to the partnership advantages and disadvantages. Partnerships Defined and Explained A partnership is an agreement between two or more people to finance and operate a business
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