Partnership as a Business Structure

Abstract: A 12 page paper discussing the partnership as an agreement and a tax structure that combine to create a form of business. It represents the middle ground between the sole proprietorship and the corporation in business form, enabling individuals to preserve the simplicity of the sole proprietorship while also being able to include other individuals in the business. The partnership itself pays no tax. Instead, its identified partners pay income tax on its activities in accordance to the stated degree of ownership of all the parties involved. There is no liability protection as in the case of corporate structure, however. Entrepreneurs still need to choose their form of business carefully. Bibliography lists 6 sources.

Filename: KSpartnerStruc.rtf

Pages: 12

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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