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 Partnership Other Entities 2017-2025

Vat101 Download 2017-2025 Form

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Video instructions and help with filling out and completing Partnership Other Entities Form

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Instructions and help about online vat101 form

hey this is attorney elizabeth weinstein and today we're going to talk about if you have a business with multiple owners more than one owner should you be a partnership an llc or a corporation so let's first talk about partnerships a general partnership is the default if you go into business with anybody else and you don't form something else it happens automatically you're going to want a partnership agreement but it happens under automatically even if you don't create a partnership agreement if you kind of don't do it on purpose but what does that mean it's a general partnership means that every single person who is in that partnership is personally liable for that business this is a very very very dangerous type of business energy because what it means is if one of your partners goes and gets a hundred thousand dollar loan for something on behalf of the business you're liable for that now personally liable for that if t

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