Major Facts About Partnership And Business

A partnership can be defined as an association of two or more persons who have agreed to combine their labor, property, and skill, or some or all of them, for the purpose of engaging in legal business and sharing profits and losses between them.

Partnerships present the involved parties with special challenges that must be communicated before agreement. Overarching goals, levels of give-and-take, areas of responsibility, lines of authority and success, how success is evaluated and distributed, and often a variety of other factors must all be negotiated. Once agreement is reached, the partnership is typically enforceable by civil law, especially if well documented. Partners who wish to make their agreement affirmatively explicit and enforceable typically draw up Articles of Partnership.

A partnership is particularly very attractive if it helps to pool the talents or skills of partners for their mutual benefit. Partnerships require individuals who are compatible, honest, healthy, capable, dedicated and equally motivated to succeed. And because of the voluntary nature of partnerships, they are reliably easy to set up.
The term business in this definition includes every trade, occupation, and profession. Therefore, this article becomes very necessary for every individual to have the idea of ​​bargaining / planning and negotiation in any kind of business level.

Humans are social beings, partnerships between individuals, businesses, interest-based organizations, schools, governments, and diverse combinations thereof, have always been and remain commonplace. In the most frequently associated instance of the term, a partnership is formed between one or more businesses in which partners (owners) co-labor to achieve and share profits and losses. Partnerships exist within, and across, sectors. Non-profit, religious, and political organizations may partner together to increase the likelihood of each achieving their mission and to amplify their reach. It is sometimes considered as alliance, governments may partner to achieve their national interests.

A partner acts as an agent of the firm in the conduct of its business. A partner must, however, exercise the highest degree of good faith in all transactions with the other partners, devote time and attention to the partnership business, and must account to the other partners for any secret profits made in the conduct of the partnership business. The liability of a partner for partnership debts is said to be unlimited, except when the partner is a limited one in a limited partnership organized in accordance with the provisions of a state statute permitting such limitation of liability.

FORMATION OF PARTNERSHIP
A partnership comes into existence by a contract entered into by the parties concerned. No formality is required but the agreement could be writing, inferior from conduct or oral. The agreement to form a partnership is known as a "Partnership Contract", the most important provision of which spells out the manner in which profits are to be distributed.

Partnerships are governed by the law of contract. It is advisable for individuals who wish to form a partnership to draw up what we called "Articles of Partnership". The article of Partnership essentially contains these items below:
• Name of Partnership
• Name and Addresses of each partner
• Statement of Business Purpose (s)
• Duration of the Partnership
• Name and Location of the Business
• Amount Invested by Each Partner
• Ratio for Sharing Profit
• Accounting Records and their Accessibility to Partners
• Specific Duties of Each Partner
• Provision or the Dissolution of Partnership and Sharing of Net Assets.
• Provision for Protection of Surviving Partners, Decedent's Estate, etc.
• Restraints on a Partner's Assumption of Special Obligations.

TYPES OF PARTNERS
There are five types of partners:
1. Active Partner: – This is the partner who participates in all the activities of the partnership.
2. Dormant or Sleeping Partner: – This is the partner who does not take an active part in the activities of the partnership but shares in the profit.
3. Nominal Partner: – This is a person who lends his name to a lends his name to the partners for a consideration.
4. Secret Partner: – This is a partner who takes an active part in the affairs of the company but he / she is not known by the public as part of the partnership.
5. Silent Partner: – This is a partner who is known by the public as part of the partnership; But he / she does not take an active part in the management of the enterprise.

ADVANTAGES OF PARTNERSHIP
1. Greater Source of Capital: – The pooling of the individual resources of each partner helps to raise a large capital. It makes it possible for an individual with the know-how, new product, invention, or new idea but no money, to work with man with money who is interested in the project.

2. Greater Specialized Management: – The ownership of a business by two or more people makes it possible for them to pool their skills and judgment for the benefit of all concerned.

3. Greater Incentive for Employees: – Employees in partnerships tend to enjoy better fringe benefit package and higher salies. They have better prospects for earned recognition and promotions.

4. Legal Recognition: – There is a partnership law that regulates the relationship between partners themselves, and between the partners and their parties that they have to deal with.

DISADVANTAGES OF PARTNERSHIP
1. Personality Clashes: – Partnership require cooperation, trust and dedication but failure on the part of one of the active partners to discharge his / her own responsibilities that could have led to personality clashes and to the end of the partnership. Partnerships are known to have ended because the members could not agree on the best course of action to take on an important issue.

2. Difficulty in Withdrawals: – The contribution of each partner ceases to be the property of the individual making the contribution. When a partner needs money, he / she can not withdraw his / her contribution or borrow money from the partnership without the express permission of the other partners. Many entrepreneurs dislike this lack of flexibility characteristic of partnerships.

3. Unlimited Liability: – Each partner is held liable for the obligations of the partnership. If one of the partners makes a costly mistake in the execution of the affairs of the partnership, creditors can sue, and if they obtain judgment against the partnership, each partner may have to sell his / her personal assets to meet the obligations.

4. Short Length of Life: – Factors like, death, prolonged ill-health, withdrawal, bankruptcy, insanity or of sorts could lead to the end of the partnership.

Conclusively, governmentally recognized partnerships may enjoy special benefits in tax policies. Among developed countries, for example, business partnerships are often favored over corporations in taxation policy, since dividend taxes only occur on profits before they are distributed to the partners. However, depending on the partnership structure and the jurisprudence in which it operates, owners of a partnership may be exposed to greater personal liability than they would as shareholders of a corporation.

Spy Gadgets For Fun and Security

As a kid, were you intrigued by the enticing ads in your comic books? You know the ones I mean, gadgets that would enable you to see around corners, or listen to conversations right through walls? We could not resist the appeal, especially since they only cost a dollar or two. Before we knew it, we'd be sealing our hopes, as well as our money in an envelope, eagerly awaiting the day our special spy toys would arrive in our mailbox.

Since those days, we've enjoyed thriller spy movies, and endless crime shows on television, where investigators employ every trick in the book to solve the latest case. We are amazed by the speed and accuracy of intranet lab work, digital enhancements, and computer imaging. As cutting edge as all of this is, there are some techniques that have been around a long, long time.

Did you ever try using invisible ink when you were a child? This was a fun thing to do that rated right up there with magic and card tricks. By mixing up a special ink of milk, lemon juice, or sugar water, your secret message would only be visible when the paper was heated. Invisible ink is still used today, but instead of exposing the message to heat, a prescribed wavelength of ultraviolet light is used.

We all have a yard of spy satellites that circle the globe gathering information from high above the earth. Before satellites, airplanes were used for intelligence missions in World War II, which enabled military leaders the chance to monitor allied and enemy movements. It is astounding to think that even way back in the American Civil War, observation balloons were floated by both sides in the conflict, to observe their own, and enemy troop locations.

Movies are ripe with many measures taken by spies as they alter their appearance in order not to be recognized. We've seen hair being cut and dyed, women dressing as men, and in one instance in 1754, Chevalier d'Eon de Beaumont was sent to St. Louis. Petersburg posing as Mademoiselle Lia de Beaumont. As improbable as it may seem, the ploy worked, and Tsarina Elisabeth was persuaded to forgo a strategy with Britain, and side with Austria and France instead.

In some old films we see bandages being slowly unwrapped on a surgically rearranged face. Or in some flicks, complete latex masks with hair attached, completely change the facial appearance of a character. Today, with the use of facial recognition software, spies may have to forgo a mask or simple change of attire, and revert to plastic surgery once again.

Today, digital technology has resulated in devices that are so small and effective that the modern day spy can literally mostly on gathering information remotely. Without the agent absolutely has to, there is no need for elaborate disguises. Devices can simply be put in place and activated, which means that we can all become spies if need be.

Just about any everyday item can be used as a camera. A light fixture, a calculator, or a smoke detector can have a tiny camera inserted into it, so that photos can be taken without the slightest hint of what's going on. Spy Cams can help protect your business and your home. They can also keep people honest. Just knowing that areas are being monitored makes us all safer.

There are devices that can be installed on your computer to monitor what's being watched and messages that are being sent and received. The SIM card can be removed from a cell phone and inserted into a special device that displays all the deleted text messages. All these items have become completely affordable, easy to obtain, and use.

A really exciting development is the GPS tracker. With a personal tracker you can monitor your children, ensuring that they are safe at all times, and knowing their location if they suddenly need help. Then there is another version that you can use for your vehicles. Car theft is rampant and on the rise. If one of your cars is stolen, this device will greatly aid the police in returning your property to you.

Now that you are all grown up, with property and loved ones to protect, is not it comforting to know that spy gadgets are still available? This time, however, you will not need to consult the back pages of your comic book. Today, with just a few clicks of your mouse, you can access spy shop catalogs online, and order some neat spy gadgets conveniently from your computer.

A Short Article on Technology

The world has undergone severe changes over the past decade. We now live in a world where communication is paramount. It seems that everyone and everything is connected in some way.

For school students this has made things much more efficient. Research papers that used to involve hours of laborious effort, can now be searched and documented without ever touching a card catalog or a periodic index. Worlds of information are now available at the click of a mouse.

Questions that people pondered without any answer previously can now simply be typed into any convenient search engine and answered almost immediately. There are countless sites filled with informative short articles all over the Internet. Videos and music can now be seen on demand and news from across the world can be delivered in an instant.

There are some people who worry that the technological revolution and evolution we are experiencing today is moving too fast. There seems to be a loss of privacy in some respects and the specter of a Big Brother society looms larger than it has since 1984. Whether their fears are well founded or not will remain to be seen, but it is unlikely that people will ever willingly Give up the almost instant connections to our wired world.

Flying in the face of these fears are individuals who share their worlds through their blogs. What used to be shared with only close friends is now put online for millions of people to see if they should happen upon the blogger's website. Individuals are learning to take advantage of this by using their well placed blogs to sell products and services. The internet has allowed individuals an opportunity to step on to the same playing field as the big boys of business. With the right information and the ability to get it seen, anyone can now reach the masses and share their thoughts, feelings and even sales pitches.

Businesses as well as individuals have come to relly on the Internet as a source of advertising and actual sales. Entire business models have been constructed and thriving based solely on using Internet websites. It is rare today to find a traditional brick and mortar establishment that does not have some type of online presence. Any business that does not adapt and grow to keep up with the latest technology seriously risks being left behind in the wake of their competitors who choose to ride technology's leading edge.

Time will tell where this all will lead. We should make the most of the positive capabilities technology promises, but we should also keep a careful watch on where we are going.

IPhone Repair Service

IPhone repair services have been developed to help you repair your iPhone when it breaks or malfunctions. Not having to pay the cost of a brand new unit is a life saver for some and allows you to keep your existing unit in pristine condition. If you compare the price of repairing your existing unit against the cost of buying a new one, you'll find that you can save nearly 100 dollars even if the damage to the unit is substantial.

IPhones are very expensive pieces of equipment but even the best electronic technologies can not stand up to continued abuse. If something should go wrong with your iPhone, you need to understand that you have options available. The many repair shops available on the Internet today can help you to get your unit back to 100% functionality. Repairing your iPhone will save you a great deal of money and help you get your iPhone back to its original condition. Many repair centers even offer a warranty with their work. The repair technicians are usually always friendly, helpful, and available to repair your iPhone no matter when it breaks. You can count on repair shops that have been in business for a long time to know how to fix your item right the first time and give you the advice and information you need to make the best decision.

Look for 30-day or longer warranty while shopping for iPhone repairs, as it may end up saving you the emotional burden of wondering if you have made the right decision. If the same part malfunctions again within the warranty period, you simply ship the item back in to be repaired again without having to worry about the repair costs.

Customer service is usually top of the line with iPhone repair companies and they will explain to you the maintenance that is going to be performed on your iPhone. Any questions you have can generally be answered right over the phone. Your item is shipped using your choice of shipping methods or the shipping carrier of preference for the repair center.

In most cases, if your iPhone has a problem, it can be fixed through a repair shop. Water damage, glass replacement, diagnostic service, housing and chrome bezel replacement, battery replacement, full refurbishment, home button replacement, headphone repair, camera removal and replacement, power button repair, volume button repair, vibrate / toggle switch replacement, ear speaker repair , Dock connector repair and more! Most parts can be fixed or replaced on your iPhone.

Do not take chances with your hard earned dollars. You will end up saving hundreds by keeping the original equipment that works and replacing or repairing what does not. Do not throw your iPhone away just because it has been damaged or is malfunctioning. Send it in, they'll fix it right!