partnership outline伙伴关系概述

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1、PARTNERSHIPOUTLINECopyright2007byDanielWilson.Unauthorizeduseisprohibitedandwillbereportedtotheappropriatelicensingauthority.1.INTRODUCTIONa.Partnershipisthesimplestformofbusinessorganization.Itrequiresnoformalitiestocreate.Itdoesnotprotectthepartnersfromliability.Itceasestoexistatastatedtime,whe

2、napartnerdiesorapartnerleavesthepartnership.Managementofthepartnershipisinthehandsofthepartners.b.Partnershipcanlastforadefinitetimeoruntilaspecifiedeventoratwill.2.DEFINITIONa.Apartnershipisanagreementbytwoormorepersonstogointobusinessforaprofit.b.Noformalitiesarerequired.Thismeansthatpartnershi

3、psarenotcharteredbythestate,nowritingisrequiredandthepartnersdon’tevenhavetohaveasubjectiveintenttoformapartnership.Apartnershipmaybeinferredfromconduct.c.Partnershipscanownproperty.Partnersmaybeanylegalentityrecognizedbylawasaperson;i.e.acorporation.Partnersmusthavecontractualcapacity.Sharingofp

4、rofitsraisesapresumptionofpartnership.Participationinmanagementraisespresumption.d.Paymentoutofpartnershipproceedsdoesnotraiseapresumptionofpartnershipifpaymentsaremadetopayadebt,forservices,paymentofaloan,orforsaleofgoodwill.3.PROPERTYOFAPARTNERSHIPa.Propertytitledinthenameofthepshipispresumedto

5、bepshipproperty.b.Propertypurchasedwithpshipfundsispshipproperty.c.Propertythatisinapartner’snameispresumedtobepropertyofthatpartnerifpshipfundswerenotusedtobuythepropertyevenifthepropertyisusedforpshippurposes.a.Pshippropertydoesnotbelongtotheindividualpartners,butrathertothepship.2.PARTNER’SINT

6、ERESTINTHEPSHIP.a.Partnerscansellorassigntheirrightstoprofitsanddistributions.Partnerscannotselltheirinterestinthepship.Anassigneeofsuchaninterestdoesnotbecomeapartner,hasnomanagementrights,northeotherrightsassociatedwithbeingapartnersuchasaccounting.b.CreditorsofpartnercannotlevydirectlyofP-ship

7、property.Creditormaygetjudgmentagainstpartnerandthenexecuteonpartner'sinterestinpartnership.Hasnorighttomanage,seebooks,orforcedissolutionofp-ship.3.PARTNER’SRIGHTSANDDUTIESa.Partnersoweeachotherthefiduciarydutiesofloy