partnership account

Partnership Account

An account at a brokerage held by two or more people in which each person is equally liable. The account holders may or may not have a written agreement on the rights and obligations each one has in the partnership account. This is similar to a joint account, but is used mainly for business partnerships, rather than for married couples who are investing.

partnership account

A brokerage account in which two or more individuals are equally liable. A partnership account differs from a joint account in that the partnership account may include a written agreement defining the interest of each partner.
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The court heard both defendants were given credit cards in Saatchi's Conarco Partnership account with Coutts to buy items for the house.
The order accuses Wingad of providing little if any information as to exactly what investments he had made or what securities were held in the partnership account, although Wingad would send e-mails explaining his investment strategies and provide monthly statements.
Investigators told the court that during the year before the Ken Thorne World of Cars group collapsed, a total of pounds 5m was moved by the Thornes from the company account into a partnership account that paid the family's salaries.
At October, Paul will work on The Venmore Partnership account and on the Mann Island project for Neptune Developments.
The partnership agreement required that all income generated by the partnership was to be deposited into a partnership account.
How would an entity that invests in a qualified affordable housing project through a limited partnership account for its investment?
The Jordan Company, a leading global middle market private investment firm whose principal activity is acquiring companies for the partnership account has acquired approximately 95 platform companies and over 500 add-on acquisitions with aggregate sales volume in excess of $10 billion since its formation.
University of Wales Newport graduate Liz Thorne, who most recently worked for a firm of accountants in Canberra, Australia, joins as accounts assistant, working on the preparation of company, sole trader and partnership accounts.
8807, a partner is entitled to "a settlement of all partnership accounts upon winding up the partnership business.
They must therefore make sure that their professional advisers have the capability to ensure that partnership accounts are prepared and agreed and the partnership tax return and the individual tax returns completed and agreed.
To reach this conclusion, the court focused on three main points: (1) the trust and LLC received partnership interests proportionate to the assets each contributed; (2) the partnership accounts were properly credited; and (3) the partnership agreement required distributions on termination or liquidation according to the partner's capital balances.

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