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Partnership Structure and Responsibilities by Yan V Bee is a document available to read on EtoBox.
What is Partnership Structure and Responsibilities about?
1) No special form is required for a partnership contract to be valid, except when immovable property or capital over ₱3,000 is contributed. 2) Managing partners can execute all administrative acts despite opposition, unless in bad faith. Their power is irrevocable without just cause. 3) Partners are not generally entitled to compensation and their share is profits alone, with some exceptions like extraordinary services.
- Author
- Yan V Bee
- Language
- EN