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What is the tax-benefit or tax-advantage of being a silent partner?
Wiki User
∙ 16y ago
Compared to an active partner - NONE.
Wiki User
∙ 16y ago
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Can a married couple live completely separate financial lives?
Yes. Quite often, a person who is not able to live within means asks the spouse not to have any joint account, it works very well. The partner who can live within means feels more secure with such an arrangement.The partner who is incapable of living within means feels more assured when the other partner does not make demands for money. The better organiser feels assured.This facilitates better understanding. The best strategy is not to expect being "doled out". The one who saves feels secure. There is greater mutual respect in such an event. Not to expect nything from the partner in money matters preserves the marriage.
You are being kicked out of your house that you have jointly shared with your partner for 6 years What are your rights if you have paid the mortgage jointly?
If you have proof positive that you paid half the mortgage (receipts, cancelled checks) you will have good grounds to fight the eviction.
What are the importance of business partnership?
Having a partnership in business can help in several ways. The first being: one partner may have one set of talents and the other may have another set of talents. If you combine those two together, this will allow the flow of ideas to come out. Another benefit is that if you have a buy-sell agreement in a business partnership, the business will stay alive if the other partner passes on or becomes unable to work the business
What is the liability for members of partnerships?
There are two basic kinds of partnerships - general and limited partnerships:In a general partnership, the partners not only contribute money or property to the partnership, but they also participate in running the partnership's business.They are all considered "general partners", and every one of them can be held personally liable for a judgment against the partnership. That is, their personal assets can be seized to satisfy such a judgment if the partnerships assets are insufficient. What is more, general partners are jointly and severally liable, which means that a plaintiff, if he wishes, can recover the entire amount of a judgment from any single partner or combination of partners. (The partners who have to pay can sue the other partners for reimbursement of their share of the judgment).In a limited partnership, not all of the partners are general partners (although there must be at least one general partner, who is personally liable for partnership obligations just as in a general partnership). The limited partners are truly "silent" partners; they contribute money or property to the limited partnership, but they have no say in the running of the partnership's business, and they are not personally liablefor partnership obligations (i.e., their personal assets are protected from being seized to satisfy a judgment against the partnership.) Their liability for any judgment against the partnership is limited to the amount of their contribution to the partnership. So, while a limited partner could lose the amount of his investment in the partnership, that is all he can lose.
What are the advantages of being competitive?
Being competitive means being able to compete with other companies and their products, thus being able to stay in business and being able to compete and staying competitive.
Which is the silent letter in lamb?
The letter 'a' would be silent, the word being pronounced as Goht
Which month has a silent letter?
February. The silent letter being the first "r"
What are some good tips for being a spy?
1.being silent
Does being a YouTube partner cost?
no! if you are a partner then you get paid for making YouTube videos!
What is the difference between being in love with your partner and loving your partner?
being in love with your partnet is sorta like you're set in a love trance. if you're in love with your partner, it's totally from your heart.
What is the meaning of khamosh in Hindi?
"Khamosh" is a Hindi word that translates to "silent" or "quiet" in English. It refers to a state or quality of being silent or making no sound.
Is silent night is christmas song?
Silent night is about jesus being born. Christmas celebrates Jesus. So yes it is.
Does having more than one sexuall partner indicate being sexually active?
Having a single sexual partner is being sexually active.
How do you stop being bitter How do I stop giving the silent treatment?
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Does bad personal credit history affect business credit history?
In many cases, yes, it will hurt the business credit history due to you having bad personal credit history. Being a "silent" partner is the best option you have if you want to be involved in the business.
What happenes when i eat my partner's sperms?
So long as your partner has no communicable diseases, and you arnt being forced to do it, nothing.
How do you pronounce Weltje?
Weltje is pronounced as 'Welt', 'je' being silent.
