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Difference between revisions of "Forming a Partnership"
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Forming a Partnership (view source)
Revision as of 18:41, 17 February 2015
, 18:41, 17 February 2015→BC’s Partnership Act sets out the rules for partnerships
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A partnership is formed when two or more people – or companies, for that matter – agree to carry on a business together and share its profits and losses. Whether or not you are actually profitable doesn’t matter. What counts is forming a business together with the intention of making a profit. | A partnership is formed when two or more people – or companies, for that matter – agree to carry on a business together and share its profits and losses. Whether or not you are actually profitable doesn’t matter. What counts is forming a business together with the intention of making a profit. | ||
==BC’s Partnership Act sets out the rules for partnerships== | ==BC’s ''Partnership Act'' sets out the rules for partnerships== | ||
These rules apply automatically to all partnerships. If you choose to be involved in a partnership, you may want to change some of these rules by making a written partnership agreement. Partnership agreements are discussed toward the end of this script. | These rules apply automatically to all partnerships. If you choose to be involved in a partnership, you may want to change some of these rules by making a written partnership agreement. Partnership agreements are discussed toward the end of this script. | ||
