Podcast
Questions and Answers
What is the extent of liability of partners in an Unregistered Partnership (UP)?
What is the extent of liability of partners in an Unregistered Partnership (UP)?
- Severally and limited to their contributions
- Jointly and limited to their contributions
- Jointly and unlimitedly (correct)
- Severally and unlimitedly
What is the minimum capital required to register an Unregistered Partnership (UP)?
What is the minimum capital required to register an Unregistered Partnership (UP)?
- A specific amount set by the government
- 10,000 units of local currency
- No minimum capital required (correct)
- Depends on the number of partners
Who can manage an Unregistered Partnership (UP)?
Who can manage an Unregistered Partnership (UP)?
- Any partner, unless a manager is designated (correct)
- All partners equally
- Only an outsider hired by the partners
- Only the designated manager
Where must an Unregistered Partnership (UP) be registered?
Where must an Unregistered Partnership (UP) be registered?
What is the requirement for transferring parts of an Unregistered Partnership (UP)?
What is the requirement for transferring parts of an Unregistered Partnership (UP)?
What is a characteristic of a limited partner in a partnership?
What is a characteristic of a limited partner in a partnership?
What is required by law for a Joint Stock Company to register?
What is required by law for a Joint Stock Company to register?
What is a compulsory inclusion in an unlimited partnership agreement?
What is a compulsory inclusion in an unlimited partnership agreement?
How many partners are required to form a limited partnership?
How many partners are required to form a limited partnership?
Who can qualify as a partner in an unlimited partnership?
Who can qualify as a partner in an unlimited partnership?
What is a characteristic of a Co-Partnery?
What is a characteristic of a Co-Partnery?
What determines the name of an unlimited partnership?
What determines the name of an unlimited partnership?
What is the liability of a general partner in a partnership?
What is the liability of a general partner in a partnership?
What is a general reason for the dissolution of a partnership?
What is a general reason for the dissolution of a partnership?
What can investors do with their shares in a Joint Stock Company?
What can investors do with their shares in a Joint Stock Company?
What is a characteristic of a limited partnership?
What is a characteristic of a limited partnership?
What must be deposited and registered at the registry in case of a statute amendment?
What must be deposited and registered at the registry in case of a statute amendment?
