A partnership is a relationship (usually governed by a partnership agreement) between persons who carry on a business in common with a view to making profits.

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You have developed specialized legal knowledge that is much in demand by your firm's clients and would be costly or difficult to replace (a firm that represents Fortune 100 corporations, for example, is never going to fire its only ERISA lawyer); and/or You have a "book" of client relationships (clients who look to you as their primary legal contact and would likely follow you if you left the firm) whose billings account for more than 5% (10% in a smaller firm) of the firm's total revenue each y. See similar questions...

quot;A cooperative venture between the public and private sectors, built on the expertise of each partner, that best meets clearly defined public needs through the appropriate allocation of resources, risks and rewards." See similar questions...

a) It will not be possible to sue one partner against another partner or against the firm and vice versa in the court of law to claim right. b) Partnership firm cannot sue third party in the court of law for enforcement of it's right (See Sec.69 of Partner ship Act 1932). District Registrar is Registrar of Firms in his District. Application may be made in Form No.1 for registration (See Sec. 57, 58 of Indian Partnership Act 1932). See similar questions...

Generally yes. Stamp duty of Rs.100 shall be paid if capital of the firm does not exceed Rs.500 and Rs.500 of capital exceeds Rs.500 for the document. See similar questions...

This should have been stated in the original partnership agreement but will be combination of goodwill, premises value, fixtures and fittings. The best advice is to use the services of a company that specialises in valuations of Medical/Dental/Podiatry practices. See similar questions...

Before you go into business together, you and your partners should decide what will happen to the partnership when one partner retires, dies, or wants to leave the partnership for some other reason, such as a divorce or bankruptcy. You might feel like you're being overly cautious or pessimistic, but it almost always makes sense to include "buy-sell" provisions in your partnership agreement to deal with these issues. See similar questions...

There must be minimum of 2 persons to form a partnership firm. If the firm is intended for financial transactions maximum of 10 and for other purposes maximum of 20 persons can form a firm (See Sec.11 (2) of Company law). See similar questions...

Partnership deed can be written on stamp paper and registered in Sub Registry Office like any other document. In this case only the deed is registered, which does not mean registration of firm. Firm can be registered after following the procedure laid down in Sec.59 of The Indian Partnership Act 1932. Provisions of the Act accrue only on such registration. See similar questions...

Impotence or erectile dysfunction is not just a man's problem. It's a "couple's disorder." Involving your partner and discussing how this is affecting both of you is very important and often leads to better communication and understanding between couples and certainly to easier solutions. See similar questions...

NO! However, some CFO’s [such as Jobcentreplus] do specify that lead organisations MUST be a deliverer in any partnership project that is funded through them. Providers only get paid on contracted agreed profiles for outputs/ outcomes. This can however be re-negotiated and the decision is solely up to the funder through their Contracts Manager. See similar questions...

When we enter into investment partnerships with community-based organizations, we aspire to serve as a combination of strategic advisor, executive coach, change agent, funder, board member, and consultant—with the goal of helping great leaders build stronger, more effective, more enduring organizations to better serve children. Our investments are not intended to fund program costs. See similar questions...

Yes, if you submit to the N.A. - in written - the above-mentioned demand and it is approved. The commission funding may be reduced, depending on the destination country selected. In no case, it can be increased. When shall I submit the interim and final report? The interim and final report must be submitted until the date determined in the contract between the N.A. and the promoter, at the latest. See similar questions...

No. There is no basis to recognize the assumption of the partner’s last name. A legal name change must be filed with the courts and the original copy presented to the State Bureau of Vital Statistics and Registration. Yes. As of February 19, 2007, domestic partnerships can only be established by couples 62 years of age or older, regardless of whether they are a same-sex or opposite-sex couple. No. See similar questions...

The lack of adequate body fluids needed for the body to carry on normal functions at an optimal level. Dehydration can be caused by fluid loss (through vomiting, diarrhea or excessive urination), inadequate intake, or a combination of both. The most common cause of dehydration in infants and children is acute gastroenteritis with its associated vomiting and diarrhea. Dehydration is classified as mild, moderate, or severe based on the percentage of body weight lost during the acute illness. See similar questions...

Little People of America (LPA) defines dwarfism as a medical or genetic condition that usually results in an adult height of 4'10" or shorter, among both men and women, although in some cases a person with a dwarfing condition may be slightly taller than that. See similar questions...

In most cases, overtime is time-and-a-half pay after 40 hours worked per week. Ask our Recruiters for details. See similar questions...

A partnership is a proprietorship with two or more owners. The owners may have different percentage properly reflects their investment and contribution to the partnership. Each partner shares profits and losses in proportion to his respective percentage interest. The partnership business itself does not pay any tax. Instead, the individual partners pay tax based on their portion of the net profit or loss, and this is shown on their personal tax return. See similar questions...