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Internal Revenue Service

by Web Digital Media Group Web Digital Media Group
Web Digital Media Group Senior Web Digital Media Group
According to the Internal Revenue Service, a partnership is any organization that is not co-owned by two or more people who carry out an activity, trade, financial transaction or venture and divide profits. Your partnership should register with the secretary of state in which it operates, agree a partnership name and obtain an employer identification number from the IRS. Although not required, it is also advisable to draft a formal partnership agreement.
https://www.apsense.com/article/what-are-the-formalities-for-a-partnersh...
Nov 13th 2019 13:45

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