Characteristics of partnership in section 1012 of the civil and commercial code
1. A person from two or more people come together to share costs will be much less as possible.
2. It must be shown by clear notice of intention might be made into a contract, in writing, that it is a "partnership" that will bring down other assets such as cash or labor is used instead of the being, intelligence, physical strength thinking.
Partnership categories.
1. General partnership
1.1. Registered general partnership : has led to the partnership as a legal.
The advantages
1. A legal entity form taxation.
2. Are trusted third parties much more because it has an auditor.
The disadvantages
1. Taxable income
1.2. Unregistered general partnership : unlimited number of liabilities in accordance with the law.
The advantages
1. The establishment of easy action.
2. Can be expanded by adding additional partner.
The disadvantages
1. When there are lose money. As a financial partner will be called for repayment of all malls.
2. limited partnership
A practitioner in this manner must be registered as a legal entity and must include the words "limited partnership", in front of the mall's name always.
1. Limited liability is responsible for the liabilities that occurred.
2. Unlimited responsibility. The unlimited liability unlimited liability means that arise in case of limited partnership legal liquidation gives creditors of the undertaking has the right to claim to be the private property of the partnership was not limited to the responsibilities in addition to funds that invest in venture and debt payments.
The advantages
1. Collect funds from a knowledgeable partner and more.
2. There are people willing to invest funds in conjunction with the. By partner type of limited liability His burden is responsible for a debt receivable together.
3. Are trusted third parties and more.
The disadvantages
1. The establishment of a more difficult
2. Taxable income
3. Limited company is a business enterprise, which is established by dividing the Fund's shares. There are equally different shareholder value is responsible for the limited amount may not exceed. There are established by individuals from 3 or more people venture into Nantong by capital into shares with par value as well. Use the prefix as "company" and the word "limited" suffix.