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Articles of partnership is a voluntary contract between/among two or more persons to place their capital, labor, and skills into a business, with the understanding that there will be a sharing of the profits and losses between/among partners. Outside of North America, it is normally referred to simply as a partnership agreement. [1]
A civil union (also known as a civil partnership) is a legally recognized arrangement similar to marriage, created primarily as a mean to provide recognition in law for same-sex couples. Civil unions grant some or all of the rights of marriage (with child adoption being a common exception).
In addition, many cities and counties continue to provide their own domestic partnership registries while their states also provide larger registries (for all relationship recognitions); a couple can only maintain registration on one registry, requiring the couple to de-register from the state registry before registering with the county registry.
A partnership is a business relationship entered into by a formal agreement between two or more persons or corporations carrying on a business in common. The capital for a partnership is provided by the partners who are liable for the total debts of the firms and who share the profits and losses of the business concern according to the terms of ...
While most domestic partnership schemes grant those partners limited, enumerated rights, the Oregon, Washington, and Nevada schemes provide substantially the same rights as marriage and are therefore, essentially, civil unions. In 2014, Oregon began offering marriage to same-sex couples too. Example of California domestic partnership certificate.
Despite Congress' efforts to make section 831(b) user-friendly, the IRS's actions threaten to undermine its effectiveness by prolonging court cases and intimidating honest business owners. If you ...
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