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Question by : What are the advantage and disadvantages of partnership as a form of business organisation in the economy?

Best answer:

Answer by BobberKnob
There are very few advantages, if you are thinking of starting a partnership, there is a very good chance that you know so little about business that you should just not do it.

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Question by : Almost all of the members of this phylum form arbuscular mycorrhizae in a mutualistic partnership with plants.?
Almost all of the members of this phylum form arbuscular mycorrhizae in a mutualistic partnership with plants.

a. Glomeromycota
b. Chytridiomycota
c. Ascomycota
d. Zygomycota
e. Basidiomycota

Best answer:

Answer by gardengallivant
a. Glomeromycota

The fungal partner that forms the arbuscula mycorrhiza (endomycorrhiza) are the phylum Glomeromycota.
“Phylogeny of the Glomeromycota (arbuscular mycorrhizal fungi): recent developments and new gene markers” 2006

http://www.mycologia.org/cgi/content/full/98/6/885

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Question by KneeKnee: Is this income considered Form 1040 line 17 partnership or line 21 Other income?
My husband and I both received income from a company that we are partners in, however the money was an hourly wage for work performed, it was not a profit share amongst the partners. We did not get any tax forms (1099, K-1, etc). So where do I claim this income? Do I need a Schedule E, SE, or what?
Thanks VB, although line 21 income would have meant a refund, too bad it isn’t other income!

Best answer:

Answer by v b
The parntership’s 1065 return has a due date of 4/15 and these are notoriously late. The 1065 will include schedule K-1′s for your income. It will show what to put on the schedule E and what to put on schedule SE.

If the work you performed was part of the business, these classfied as “guaranteed payments.” If this was extra work like painting the office because you’d do it for less than they could hire someone, then it’s 1099-Misc work and goes on schedule C before it goes to schedule SE.

It is absolutely NOT line 21 income.

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Question by vwoolery@sbcglobal.net: Where do I find the form for forming a partnership in Kansas on the web?

Best answer:

Answer by imisidro
You can find it at Kansas Business Center website

https://www.accesskansas.org/businesscenter/index.html?link=start

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Question by thomashonecker: Does anyone know where I can obtain or download for free the x-74 partnership form?

Best answer:

Answer by David
limewire should have it

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Question by Aaron B: In the partnership form of business, the owners of a business are called what?

Best answer:

Answer by Norm
Partners

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Question by Ugaldo: If we have a partnership and file form 1065 do we need to file Schedule C with our 1040′s to show income?
Do we need to attach schedule C to our 1040 to show business income even though we filed form 1065 separately? What else will go with form 1040?

Best answer:

Answer by tro
the partnership is not taxed, this is a flow thru type of organization and yes, you report your partnership income on a sch C on with your 1040

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Article by Tim Bishop

Partnership agreements are often used as tools for governing business partnerships. This is principle is correct, however issues sometimes arise when the agreement is not drafted correctly and a dispute arises.

A business partnership is like many romantic partnerships. It starts great, but after a while cracks may begin to form and a business partnership dispute can arise. This is why it is of paramount importance to have a written agreement in place at the point when the partnership is formed. It may seem awkward to suggest a formal agreement, especially if your business partner is a family member or friend. However, in this situation you must put the awkwardness to one side and create a written agreement that covers all the necessary angles. If you don’t have any formal written agreement then you’ll partnership is governed by the Partnership Act of 1890- and you may find that, being bound by the Partnership Act, you are lumbered with provisions that you wouldn’t have chosen yourself.

A written partners agreement is not legally required, but may save a a large amount of hassle if things turn sour between two partners, and a business partnership dispute arises. If you think you may not have covered all the bases, you can seek legal advice from a specialist business law solicitor in preparing your partners agreement. This will make things easier if the partnership falls apart somewhere down the line. Anyone without previous experience of a business partnership is unlikely to know exactly what needs to be included. Some partners agreements can be very complex, in which case it is highly advisable to seek professional advice from someone who can assist you.

Amongst the useful source provisions that you need to include in a written partners agreement are allocation of profit and loss, what happens if a partner dies, conflict resolution, and many more. You would be surprised at how many people overlook some of the most important aspects when agreeing to the terms of a written partnership agreement, but this can cause significant problems in the future.

Some people think that they are totally covered for every eventuality just by the mere fact that they have a written partnership agreement. However, most people in business know that there are many complexities and changes that can arise with a business, meaning that partners may not see eye-to-eye, or one partner wants to leave. It is vital that all of these aspects are covered. Then, if a business partnership dispute arises, a great deal of time and money will be saved because everything has been clearly defined.

Remember the old saying “Fail to prepare, prepare to fail.”

Question by rmccain33: Three individuals form a partnership and agree to divide the profits equally.?
X invests $ 9000, Y invests $ 7000, Z invests $ 4000. If the profits are $ 4800, how much less does X receive than if the profits were divided in proportion to the amount invested.

Best answer:

Answer by nicole m
1) you have to figure out how much of the initial investment came from each:

add up the total investment 9000+700+4000=20,000

2) find the porportion of each investor (i simplified)

x — 9000/20000 = 9/20ths of the investment
y — 7000/20000 = 7/20th of the investment
z — 4000/20000 = 1/5th of the investment

3) figure out what each gets:

x– 9/20*4800 = 2160
y — 7/20*4800 = 1680
z — 1/5*4800 = 960

4) as always check yourself – add up the profits and make sure they equal 4800
2160+1680+960=4800

5) figure out how much they would recieve if they share the profits equally
4800/3 =1600

6) how much less would x recieve 2160-1600= 560

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Question by scubastieb@yahoo.com: Wanting to form a partnership with other investors to build high rise towers in downtown sac other major city?
Commercial or rental or both…. example of the towers in downtown sac… Looking for experienced investors and each person will take a pro-active roll in development of project… I think 5-10 people with deep pockets and a knowledge can be as high as we build the buildings.

Best answer:

Answer by homer simpson
$

$

$

l

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