Tailored-to Your Ranch Business?

The advantages are that the partners make business decisions jointly and share the profits in proportion to their ownership interests. If one partner dies, the partnership ends. If any partner files bankruptcy, the partnership ends. Disadvantages are that each partner is liable for all the debts of...

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Veröffentlicht in:The Cattleman 2014-03, Vol.100 (10), p.80
1. Verfasser: Nunn, Les
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description The advantages are that the partners make business decisions jointly and share the profits in proportion to their ownership interests. If one partner dies, the partnership ends. If any partner files bankruptcy, the partnership ends. Disadvantages are that each partner is liable for all the debts of the partnership.
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subjects Accountants
Agreements
Attorneys
Bankruptcy
Cattle
Double taxation
Guidelines
Income taxes
Limited liability companies
Limited partnerships
Personal income
Ranches
S corporations
Sole proprietorships
Stockholders
title Tailored-to Your Ranch Business?
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