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Business Entity Regulations Paper

Essay specific features

 

Issue:

Business

 

Written by:

Audrey C

 

Date added:

October 15, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 416

 

Was viewed:

3766 times

 

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Essay content:

A general partnership is when two or more persons do business and is regulated by the Uniform Partnership Law, ORS Chapter 68. We are required to obtain business licenses from the cities, counties and states we will be operating in and as we are using an "assumed name" which does not include our "real and true" names, to register with the Corporate Division of the Oregon Secretary of State...
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This Division is located at 255 Capitol St. NE, Ste 151, Salem, Oregon 97310-1327. This registration tells the public who is operating under the business named. (Business Information Center, 2007) Partnerships are not generally subject to state income tax in the State of Oregon. The income and losses of the partnership are instead divided between the partners and are required to be reported on our individual income tax returns...
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