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Class Six: Introduction to Corporations Pre-incorporation, Formation and Powers

Class Six: Introduction to Corporations Pre-incorporation, Formation and Powers. Last Time We Spoke About: Sole Proprietorships Partnerships - 1 NATURE OF PARTNERSHIPS - 2. FORMATION OF PARTNERSHIPS - 3. PROPERTY OF A PARTNERSHIP

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Partnership Law

Partnership Law. Why have joint ownership?. Pamela wants to buy grocery store for $200,000: $20,000 of own funds; $150,000 senior debt from Walter at 10% interest $30,000 potential junior debt from Abe and Bill at 20%, but: debt load might be too high, Walter might object, or both.

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364 views • 24 slides

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Partnership creditors - PowerPoint PPT Presentation

Class Six: Introduction to Corporations Pre-incorporation, Formation and Powers

Partnership Law