Examlex
If no fixed duration of the partnership is specified,the partnership is a partnership in perpetuity,which means that the partnership cannot be dissolved.
Articles of Partnership
Articles of Partnership is a document that outlines the terms, conditions, and responsibilities of each partner in a partnership.
Annual Salary
The total amount of money an employee earns in a year before deductions for taxes and other items.
Capital Balance
The amount of money that an individual or entity has contributed towards the capital of a company, often reflected in the equity section of a balance sheet.
Net Loss
Occurs when a company's total expenses exceed its total revenues during a specific period, resulting in a negative profit.
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