Explain the procedure of registration of partnership firm .
Q: Revised Uniform Partnership Act
A: A partnership is a type of company in which two or more parties form a contractual arrangement.The…
Q: Identify a false statement.a. Appropriate amendments must be made to the articles of incorporation…
A: Corporate law is the corpus of legislation that controls the establishment, administration, and…
Q: steps in company registration, the nature of legal &corporate personality the enactment of status…
A: In this Explanation, we discussed the steps involved in company registration, the nature of legal…
Q: directors
A: The director is defined as the person who will be engaged in the position of the director in the…
Q: The board of directors of a corporation: Do not have the power to bind the corporation to contracts,…
A: In the world of corporate governance, the role of a corporation's board of directors is of paramount…
Q: Among three partners, unless they agree otherwise, unanimous consent is required to manage the…
A: In a business or organizational context, unanimous consent means that all parties or members…
Q: Explain limited-liability company (LLC).
A: The structure of business varies depending on factors like the business scale of operation,…
Q: Compare and contrast a cash-out combination and a management buyout.
A: Cash-out combination: It is used to eliminate minority shareholders by forcing the shareholders to…
Q: .Discuss the rights and liabilities of a retiring partner ?
A: A partnership is a type of business structure in which two or more people share ownership of a…
Q: explain the circumstances under which each of the following type of ownership would be most…
A: Joint tenancy is a type of ownership that allows multiple individuals to own a property together.…
Q: State the main contents of Partnership Deeds.
A: Partnership Deeds are an important document that describes the terms and circumstances of a…
Q: Outline the duties, responsibilities of Directors, Shareholders and Secretary
A: Companies are run by a group of people who work together to ensure that the organization is…
Q: True or False Since articles of incorporation provisions are intramural in nature and are not meant…
A: Articles of incorporation - They are legal documents that are filed with the government to create a…
Q: Explain limited-liability partnership (LLP).
A: A partner is a participant in a partnership. It is an entity in which both the profits or losses of…
Q: Identify the causes of dissolution of a partnership and the conditions under which partners have the…
A: The major causes of Partnership dissolution are: By order of Court: In many cases the court has the…
Q: The fiduciary duties of partners have been incorporated into which sections of the Partnership Act…
A: Partners in a business have a special relationship with each other, based on trust and confidence.…
Q: In Salomon v Salomon it was held that following a proper incorporation, the company becomes a legal…
A: Please find the answer below.Separate legal personality :- A key concept in company law known as…
Q: What is the relation among persons who attempt but fail to form a corporation and who carry on…
A: Corporations can earn, be charged, and be held fully accountable. Corporations provide the best…
Q: Compare and contrast a general partnership to a sole proprietorship.
A: The objective of this question is to understand the differences and similarities between a general…
Q: T F The articles of partnership is a written contractdescribing the terms of a partnership
A: Partnership is a formal arrangement, set up by two or more than two parties, who come together to…
Q: Define board director, what are their duties, and contribution to the firm
A: A board of directors' main responsibility is to act as a fiduciary on behalf of the organization's…
Q: Discuss the powers and duties of Directors and Company Secretary
A: Directors and company secretaries play crucial roles in the governance and management of a company.…
Q: Parker and Phillips incorporated P & P Resorts Inc., a closely held Texas corporation. Parker was…
A: In the given case, Phillips and Parker own a corporation called P&P Resorts Inc. They recently…
Q: Distinguish between a limited partnership and a limited liability company.
A: A partnership refers to an agreement between two or more parties for managing and operating a…
Q: Describe the processes required in registering a limited liability company
A: Limited liability company refers to those form of business whereby the owners will not be held…
Q: 1. explain sole proprietorship type of business and it's advantages
A: Concept Introduction : Sole Proprietorship refer to the single form of business which is run by one…
Explain the procedure of registration of
Step by step
Solved in 3 steps
