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论文作者:英语论文论文属性:学术文章 Scholarship Essay登出时间:2015-04-26编辑:g790726705点击率:4196
论文字数:920论文编号:org201504252133027377语种:中文 Chinese地区:美国价格:免费论文
关键词:
摘要:Far Horizon公司业务结构和伙伴关系介绍
In a General Partnership, all of the partners share equally in the responsibility for the liability of the partnership.
Partnerships do not pay taxes on profits and losses at the corporate level. Profits and losses distributed to shareholders are reported on their individual income taxes.
If fifty percent or more of a partnership interest changes hands, the partnership must be dissolved and reformed.
Control of the operations of the business structured as a partnership is established in the Partnership Agreement. In a General Partnership, all partners can share equally in the running of the business.
Limited Partnership
In a Limited Partnership, the Limited Partners only have responsibility for the liability of the partnership up to the amount of their investment. The General Partner in a Limited Partnership assumes unlimited liability for the partnership. Creditors and lawsuits can go after the personal assets of the General Partner, such as bank accounts, property, and other personal assets.
Partnerships do not pay taxes on profits and losses at the corporate level. Profits and losses distributed to the shareholders are reported on their individual income taxes.
If fifty percent or more of a partnership interest changes hands, the partnership must be dissolved and reformed.
Control of the operations of the business structured as a partnership is established in the Partnership Agreement. . In a Limited partnership, the Limited Partners contribute capital to the business and share in the profits and loss, but do not take part in the daily operations of the business. In a Limited Partnership, the General Partners are responsible for the daily activities of the business.
Partnerships are relatively easy to form. Partnerships must have at least two shareholders. The duties and responsibilities of the partners are established by the Partnership Agreement. Partnerships are good for businesses that have a limited liability risk. Businesses that have a low risk of being sued or of having someone injured are good candidates to form Partnerships.
The four types of business structure offer to Far Horizon choices for how to structure the business to include investors. Many of the aspects of the structures are similar in both the positive and negative aspects of the structure. The owner of Far Horizon will need to carefully consider tax implications, limits of liability, operational control, legal status of the business and documentation requirements. Once the owner of Far Horizon has established what the priorities are for the business the type of business structure will be able to be determined.
References
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