CHECK THESE SAMPLES OF Soapcom and the Partnership with Kiva System Company
However, the application of K-1 rules is subservient to declarations of partnership under Form 1065 that documents the various transactions of the partnership entity4.... The share of each partner in the entity's income or loss is determined in accordance with the partnership agreement6.... In case that the partnership agreement fails to provide for a distribution, then the partner's share is determined by the partner's partnership interest in the entity8....
5 Pages
(1250 words)
Research Paper
A possible strategy for KIA motors would include addition of an attribute as a part of a cognitive based strategy towards changing customer attitudes (Schiffman & Kia company Table of Contents Kia company Table of Contents 2 Strategy for KIA Motors in Europe 3 References 4 Strategy for KIA Motors in Europe European customers have a relative attitude towards Korean cars as they largely perceive them as of a lower quality than their European counterparts.... The company can also promote and replicate its ‘KIA Approved' strategy that would include providing extended warranties and other benefits and an effective after sales service to lure customers (KIA, 2010)....
1 Pages
(250 words)
Research Paper
The general idea behind a limited partnership is that; there is at least one partner who will bear the full burden of the partnership's debt, while at least one partner will be dormant.... The dormant partner will only bear a portion of the partnership's debt; that is, up to his/her contribution to the partnership's capital.... f the limited partners fail to adhere to the above restrictions, they shall bear all the debts of the business up to the amount drawn out, while participating in the management of the company....
4 Pages
(1000 words)
Essay
here the partnership is a limited partnership then the partners have limited personal liability2.... If the partnership is not registered then all the partners will be deemed to be general partners and will all be personally liable for the debts of the company.... The assignment "company Partnership Relations" presents Sally making a contract with Motorhire Ltd to hire several cars for Allcom for a period of one year at a contract price of £50,000....
9 Pages
(2250 words)
Assignment
In a partnership, the partners are co-owners of the business and have control over the operations of the partnership.... In addition, partners have the implied authority to perform acts that are reasonably necessary for the partnership.... oreover, each partner in a partnership is jointly liable for all the obligations arising from the partnership.... A partnership agreement provides, in a detailed manner, the rules and procedures that guide the ownership and operations of the partnership....
5 Pages
(1250 words)
Case Study
The paper "company & Partnership Law" highlights that in the case of ASIC vs Vines, it was discovered that Mr.... Question 1: EssayIn regard to the question raised on a case where company contracts with outsiders, it should be held that the managing director of that particular company has the power to either endorse the contract or appoint someone else in the company as an authorized person to approve the contract.... he statement can be examined by considering the legal issues of the Corporations Act, specifically on the duty and obligations executed by the managing director in a company regarding contracting with outsiders or third parties....
6 Pages
(1500 words)
Assignment
It offers such rights and privileges to its members like; rights of an artificial person, right to own property, transact business in its name, sue and be sued, disregard a partnership with unlimited liability to partners, that is, it's the sole responsibility of partners bearing the burden in case the partnership goes bankrupt.... This is an added advantage having a limited liability company compared to a general partnership where the partnership's liability lies solely on the shoulders of the partners forming the partnership....
9 Pages
(2250 words)
Essay
Asset protection varies depending on the nature of the partnership.... In limited partnerships, all the partners are responsible for the decision-making process as well as running the day-to-day activities of the company.... Limited partners own a percentage of the company proportional to their financial investments in the business hence their decision-making capabilities are limited.... This, therefore, implies that in case legal action is taken against the business in situations where the company is found to be at fault, the personal assets of general partners are subject to liquidation....
8 Pages
(2000 words)
Essay