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1) A partnership firm is not a legal entity apart from the partners constituting it. It has limited identity for the purpose of tax law as per section 4 of the Partnership Act of 1932. [24] 2) Partnership is a concurrent subject. Contracts of partnerships are included in the Entry no.7 of List III of The Constitution of India (the list ...
A limited liability company with multiple members that elects to be taxed as partnership may specially allocate the members' distributive share of income, gain, loss, deduction, or credit via the company operating agreement on a basis other than the ownership percentage of each member.
Partnership may also refer to: Intimate relationship, a romantic or sexual partnership; Partnership (Fulton, Maryland), a historic building in Howard County; Partnership (cards), players who play jointly and win or lose together; Partnership (cricket), a part of an innings when the same pair bat; Partnership government, a coalition
Strategic partnerships raise questions concerning co-inventorship and other intellectual property ownership, technology transfer, exclusivity, competition, hiring away of employees, rights to business opportunities created in the course of the partnership, splitting of profits and expenses, duration and termination of the relationship, and many ...
A limited partnership (LP) is a type of partnership with general partners who have a right to manage the business and limited partners who have no right to manage the business but have only limited liability for its debts. [1] Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability.
Two of the companies may be partners with a third member of the partnership, but highly aggressive towards each other. (Oracle and SAP compete against each other in the ERP market.) One party may be partner to a second party when targeting one market, but competitive against that same company when targeting another market.
The cause for the start of the project was the arrival of OpenOffice.org in 2002, which was missing the thesaurus of its parent, StarOffice, due to its licensing.. OpenThesaurus filled that gap by importing possible synonyms from a freely available German/English dictionary and refining and updating these in crowdsourced work through the use of a web ap
The mission of business partnering (for tourism) consists in "creating, organizing, developing and enforcing operative (short-term), tactical (medium-term) and strategic (long-term) partnerships" (Droli, 2007). "Partnering is the process of two or more entities creating synergistic solutions to their challenges."