What is partnership/General Partnership?

Category : The Knowledge Center of Partnership Registration In The USA
Posted On : 28th Aug 2009

Partnership is a form of business in which two or more sound persons come together to form a new business with the same interest in mind. In Partnership, all partners act towards the single strategic direction and all partners are equally liable. In partnership all partners share profit and losses in the ratio agreed upon.

Partners are responsible for the other partner's business actions, as well as their own. Each partner is bound by the acts and representations made by their co-partners in dealing and transacting with third persons. Registering a partnership is fairly simple; each partner must agree to do business with the others. Moreover, a partner may contribute not only money or capital contribution. He may likewise put in his business or industry in the partnership.

 

If you are ready to order for a partnership or a general partnership registration please click order now button or for additional information read more. You can also use our 24/7 live chat service for free consultation or toll free +1 (866)754 4460

 

 

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PATRICIA SEIG

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CAN I CHANGE MY CORPORATION INTO AN LLC. I LIVE IN THE STAE OFNJHOW DO I GO ABOUT IT?

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Reply from: infotaxsquare.com | 2011-04-28

Dear Patricia Seig:

State of New Jersey does not have a provision to convert Corporation to an LLC (Limited Liability Company) or  vice-versa.


To structure your business as an LLC you need to create a new one. If you want to retain us to form an LLC your can either use following link or call us at 516.822.3100

Referenced Article:

https://www.infotaxsquare.com/article/states-allowed-article-of-domestication-and-conversion.html

To create a new LLC:

https://www.infotaxsquare.com/processor/order-init.php?o=lc

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