General Partnership Articles
A non-disclosure agreement (NDA) is a legal contract that outlines confidential materials, information and knowledge between two or more parties. The agreeing parties consent not to disclose information...     read more


A partnership is a business that has more than one owner that has not filed papers for becoming a corporation or Limited Liability Company (LLC). Partnerships have two basic types, a general partnership...     read more


Q: Can I refuse to hire people who smoke? A: No. You can ban smoking during work hours; however you cannot prohibit the use of lawful products during nonworking hours. Q: May I call an applicant's...     read more


Entrepreneurs are the lifeblood of the American economy. Small businesses make up 99% of all businesses, employ half of all private sector employees, and have generated two thirds of new jobs in the last...     read more


Poorly organized partnerships can lead to nasty disputes among partners in the future. A partnership agreement can clarify the key elements of a partnership in a written agreement. Here's a list of the...     read more


Some federal and state laws require certain employment policies be in writing. However, there is no law that requires an employer to provide employees with a handbook. Nevertheless, there are many good...     read more


Advantages of a Partnership Structure • Profits go straight into the partners' pockets, providing for easier tax reporting • Partners can combine their individual talents to complement each other...     read more


How Partnership Income is Taxed The IRS does not consider partnership to be separate from the owners when it comes to tax purposes, rather, they are considered "pass through" tax entities. All profits...     read more


Ignorance and good intentions won't help you in the face of an employee lawsuit. The law requires you to treat employees in a certain way, and any failure to do that can lead to serious trouble, whether...     read more


Expenses of Operating a Business Starting a business involves expenses on utilities, office supplies, repairs and advertising. This can be deducted as current business expenses as long as you already...     read more


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