Tag: Partnership
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Expulsion
Definition of Expulsion In accordance with the work A Dictionary of Law, this is a description of Expulsion : The termination by a state of an alien's legal entry and right to remai This is often based upon the ground that the alien is considered undesirable or a threat to the state. […]
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Fixed Equity Partner
Brief Introduction to Fixed Equity Partner in Partnership Law A partner who has a fixed share of equity in a partnership and whose drawings are fixed at a set amount. It is similar to a Salaried Partner but usually more tax efficient as a fixed equity parter is self employed and taxed under […]
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Partnership Agreement
Formation of a Partnership: The form of the agreement Brief Introduction to Partnership Agreement (or Partnership Deed) in Partnership Law An agreement between the partners that sets out the roles and responsibilities of the partners and also the division of the profits and losses of the […]
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Partnership
Liability and Rights in Respect of Outsiders in the Partnership: Where a partner acts on his own account Refine your research by picking one of the following subsections: Liability and Rights in Respect of Outsiders in the Partnership: Liability of partners in respect of contracts Liability […]
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Drawings
Brief Introduction to Drawings in Partnership Law Partners or members of LLPs are not employees (unless they are salaried partners) and so are not paid a salary. they are self employed (Schedule D) and their share of the profits are taken as drawings. Other Short note (s) in relation wth […]