You've amassed a fortune with your line of deer antler spray personal hygiene products. You've focused on business for most of your life, but you've decided to settle down now, proposing to a dancer at your favorite club.
The wedding is set for spring, but your lawyer is insisting on a prenup.
Except in a handful of states, the details of the agreement will be dictated by the Uniform Premarital Agreement Act. It represents a set of guidelines, first drawn up in 1983, meant to give some standardization to the laws surrounding prenuptial agreements.
Most states have passed laws conforming to the UPAA, though Mississippi, Missouri, South Carolina, and West Virginia remain holdouts. Curiously, since your lawyer explained all this, your love keeps talking about how lovely it would be to get married in Biloxi...
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Finance: What is a partnership?23 Views
finance a la shmoop. what is a partnership? a marriage. joint ownership
of a bar. when two dudes put up half the dough each to share 50/50 in a time [two different people offer money for keys]
machine. well a partnership is just the merging
of two individuals in doing a given business deal or setting up a business
structure. if both are owners then both are liable for you know bad things
should they happen. partnerships carry a lot of financial danger if one partner
goes off the rails and decides to commit fraud in the name of the company or that
evil partner enters into a stupid company bankrupting contract, well then [bad contract sold to unsuspecting victim]
both parties pay for it. the innocent partner pays just as much in the form of
whatever financial damages befall the partnership as the evil one, and
partnership liabilities include personal assets if the partnership is structured
like a general partnership with limited partners having no personal liability so [ liability structures defined]
for all the good that a partnership can have it can get bad and ugly so you got
to enter partnerships carefully. spend lots of dough on lawyers before you set
it up so you don't have to after. [money exchanged for partnership contract ]
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