Documente Academic
Documente Profesional
Documente Cultură
Choice of
Business
Entity,
Sole
Proprietorship,
and
Partnerships
McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.
Sole Proprietorships
13-2
General Partnerships
13-3
Liability of the Partners
13-4
Taxation of Partnership and Principals
13-5
Capitalization
13-6
Operation and Management of the
Partnership
Absent an agreement by the parties, the RUPA
governs certain internal operations of the general
partnership. For example, unless the parties agree
otherwise:
each partner receives an equal share of the partnership
profit payments regardless of the partner’s involvement in
the success of the business,
the same rule applies to losses,
general partners have the general power to bind the
partnership to a contractual obligation.
13-7
Limited Partnerships
13-8
Personal Liability of Principals
13-9
Management and Operation of LP
13-10
Partner Dissociation and Dissolution of
the Partnership
When a partner no longer wishes to be a
principal in the partnership, she may choose
to leave the partnership.
13-11
Withdrawal under RULPA
13-12
learning outcomes checklist
13-13
learning outcomes checklist
13-14
learning outcomes checklist
13-15