Small Business Management by Carlos W. Moore, Longnecker & Broom (1983 HC 6 Ed)

Description: Small Business Management by Carlos W. Moore, Longnecker & Broom (1983 HC 6 Ed). PublisherSouth-western Pub Co; 6th edition Weight2.05 pounds Qualifications of Partners Any person capable of contracting may legally become a business part ner. Individuals may become partners without contributing to capital or shar ing in the assets at the time of dissolution. Such persons are partners only as to management and profits, Aside from legal aspects, however, partnership formation deserves seri ous study. A strong partnership requires partners who are honest, healthy, capable, and compatible. Rights and Duties of Partners Partners' rights and duties should be stated explicitly in the articles of partnership. These articles are drawn up during the preoperating period and should cover the following items as a minimum: 1. Date of formation of the partnership. 2. Names and addresses of all partners. 3. Statement of fact of partnership. 4. Statement of business purpose(s). 5. Duration of the business. 6. Name and location of the business. 7. Amount invested by each partner. 8. Sharing ratio for profits and losses. 9. Partners' rights, if any, for withdrawals of funds for personal use. 10. Provision for accounting records and their accessibility to partners. 11. Specific duties of each partner. 12. Provision for dissolution and for sharing the net assets. 13. Restraint on partners' assumption of special obligations, such as endorsing the note of another. 14. Provision for protection of surviving partners, decedent's estate, etc. Unless specified otherwise in the articles, a partner is generally recog nized as having certain implicit rights. For example, partners share profits or losses equally if they have not agreed on a profit-and-loss-sharing ratio, In a partnership each partner has agency power, which means that a partner can bind all members of the firm. Good faith, together with reasonable care in the exercise of management duties, is required of all partners in a business. Since their relationship is fiduciary in character, a partner cannot compete in business and remain a partner. Nor can a partner use business information solely for personal gain. Weather its worth Millions of, or just a dollar this is a time relic for your enjoyment. finds of the 60s 70s 80s is a passion of mine. I'm a beginner and any time I list always try to know the fair market value. after purchase and received item please give feed back as it will help others know how your experience was. Please feel free to ask any questions or requests to locate if its not in my store. Thanks for looking!

Price: 28.5 USD

Location: Charlotte, North Carolina

End Time: 2024-10-03T14:17:43.000Z

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