A partnership is a business structure in which two or more people operate a for-profit business. The partnership agreement -- which may be oral, written or implied based on the actions of partners -- ...

Without a valid partnership agreement, state laws govern the rules for your business partnership's creation and operation. Each state, excluding Louisiana, employs some variation of the Uniform ...

PIP (partners' interests in the partnership) allocations are very commonly used in partnership agreements. 1 For this reason, Investors and managers should understand the basics of PIP allocations and ...

While the governance structure of an accounting firm has little immediate client-facing impact, a firm must be well-governed to retain its people and provide consistent, high-quality client service.