Write the word or group of words that identify each of the following statements. 13. The government body which is in charge with administering the various laws affecting partnerships and corporations in the Philippines. 14. The word added to the name of the partnership to inform the public that it is a limited partnership. 15. A partner whose liability is only up to his personal contribution into the partnership.
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Write the word or group of words that identify each of the following statements.
13. The government body which is in charge with administering the various laws affecting partnerships and corporations in the Philippines.
14. The word added to the name of the partnership to inform the public that it is a limited partnership.
15. A partner whose liability is only up to his personal contribution into the partnership.
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- Write the word or group of words that identify each of the following statements. 1.The partnership contract in writing which governs the formation, operation, and dissolution of the partnership. 2..Partnerwho has financial interest in the firm, not known to be a partner, but takes active part in the management of the firm. 3.Thegovernment body which is in charge with administering the various laws affecting partnerships and corporations in the Philippines. 4. The word added to the name of the partnership to inform the public that it is a limited partnership. 5.A partner whose liability is only up to his personal contribution into the partnership.Which of the following statements is most true? a. The liability for other partners’ wrong doings is limited to the amount a particular partner has invested in the partnership. b. Partnerships are formed in accordance with specific guidelines that include the filing of a formal written agreement to the government. c. A fast growing firm would be more probable to establish a partnership as its business form than would a slow growing firm. d.Corporations can easier attract investors than those of the partnership and sole proprietor businesses.Write the word or group of words that identify each of the following statements. 1. A partnership wherein all the partners have limited liability except or at least one general partner. 2. The contribution of an industrial partner 3. A partner who contributes money, property, and industry. 4. Any partner can act in behalf of the partnership as long as these acts are within the scope of normal partnership activity. 5. A partnership which failed to comply with one or more of the legal requirements for its establishment. 6. An entry prepared when industry is contributed into the partnership. 7. A partnership organized for the purpose of rendering service. 8. A contract whereby two or more persons bind themselves to contribute money, property, or industry to a common fund with the intention of dividing profits among themselves.…
- . Write the word or group of words that identify each of the following statements. 1.A partner who has financial interest in the firm, not known to be a partner, but takes active part in the management of the firm. 2. The government body which is in charge with administering the various laws affecting partnerships and corporations in the Philippines.Write the word or group of words that identify each of the following statements. 1.Any partner can act in behalf of the partnership as long as these acts are within the scope of normal partnership activity. 2. A partnership which failed to comply with one or more of the legal requirements for its establishment. 3.An entry prepared when industry is contributed into the partnership. 4. A partnership organized for the purpose of rendering service. 5. A contract whereby two or more persons bind themselves to contribute money, property, or industry to a common fund with the intention of dividing profits among themselves. 6. The basis for recording a partner's contribution in the form of noncash assets 7. One who is both a silent and a scret partner. 8. The partnership contract in writing which governs the formation, operation, and dissolution of the…1. From among the list, what is the difference between a partnership and a corporation? a. Existence of the corporation is perpetual but partnership is not b. Both have separate and juridical personality from the people composing it c. Both can be created to practice a profession d. The properties are owned solely by the partnership and corporation2. When the Securities and Exchange Commission disapproves the amended Articles of Incorporation, what is the available remedy of the Corporation? a. A criminal complaint may be filed to compel the Securities and Exchange Commission. b. A civil suit may be filed to compel the Securities and Exchange Commission. c. A reasonable time to modify the objectionable portions of the articles or amendment. d. None of the above 3. A promised that in order to help the partnership start its business, he will contribute P1Million as capital. Now that the partnership is about to begin, the partners demanded A to give his promise. However, A…
- Write the word or group of words that identify each of the following statements. 1.The word added to the name of the partnership to inform the public that it is a limited partnership. 2. A partner whose liability is only up to his personal contribution into the partnership.8. Which of the following is true regarding a general partnership? A.Partnership debt must be apportioned based on partnership percentages. B.The partnership must file a certificate of formation with its home state. C.Partners have unlimited liability for partnership debts. D.The partnership must remit federal income taxes on behalf of the partners 11. Which of the following statements is correct regarding a limited liability company's operating agreement? A.It must be filed with a central state agency. B.It must contain the name and address of the limited liability company's registered agent. C.It contains provisions for allocating profits and losses to the owners. D.It allows a limited liability company to legally transact businessII. Write the word or group of words that identify each of the following statements. 1. A partnership wherein all the partners have limited liability except or at least one general partner. 2. The contribution of an industrial partner 3. A partner who contributes money, property, and industry. 4. Any partner can act in behalf of the partnership as long as these acts are within the scope of normal partnership activity. 5. A partnership which failed to comply with one or more of the legal requirements for its establishment. 6. An entry prepared when industry is contributed into the partnership. 7. A partnership organized for the purpose of rendering service.…
- Write the word or group of words that identify each of the following statements. 1. A partner who contributes money, property, and industry. 2. Any partner can act in behalf of the partnership as long as these acts are within the scope of normal partnership activity. 3. A partnership which failed to comply with one or more of the legal requirements for its establishment.Write the word or group of words that identify each of the following statements. 1.The word added to the name of the partnership to inform the public that it is a limited partnership. 2.Apartner whose liability is only up to his personal contribution into the partnership.Indicate what is the difference between a general partnership and a limited liability company and when might each type of entity be used by completing the table below. Classify each characteristic as belonging to a "General partnership", a "Limited liability company", or both a "General partnership and limited liability company". Characteristic belongs to ... a. Partners are considered members b. Permitted to participate in management of the entity c. Creditors collect from both partnership assets and partners. d. The partners have unlimited liability for the entity's debt. e. Absent a personal guarantee, no liability for the entity's debt. f. Usually used for corporate joint ventures where the corporate partners are established with limited assets.