Report on Partnership (General Discussion)

General Provisions of Partnership By: Marian Jane Alumbro Nilda Vicente

Contract of Partnership SEC Valid contract juridical person Articles of Partnership immovable property Legal capacity secret partnerships Lawful object universal partnership Capital particular partnership Property common fund Money sharing of profits Industry sharing of losses Public Instrument intention to divide profits

Mechanics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Nature of Partnership ,[object Object],[object Object]

Partnership Governing Law ,[object Object]

Definition by law ,[object Object],[object Object]

Essential Features/Charactersitic Elements of Partnership(De leon/Agbayani) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

1) There must be a Contract ,[object Object],[object Object],[object Object]

Fiduciary in Nature ,[object Object],[object Object],[object Object]

Cases ,[object Object],[object Object]

2) The parties must have legal capacity ,[object Object],[object Object],[object Object],[object Object]

Answer: ,[object Object],[object Object]

3) There must be mutual Contribution of money, property or industry ,[object Object],[object Object],[object Object],[object Object]

4) The purpose must be to obtain profits etc. ,[object Object]

Sharing of profits ,[object Object],[object Object]

When sharing profits not prima facie evidence of partnership? ,[object Object],[object Object],[object Object],[object Object]

5) The purpose must be lawful ,[object Object],[object Object]

Effect of unlawful purpose of partnership ,[object Object],[object Object],[object Object],[object Object]

6) The Articles of Partnership must not be kept secret ,[object Object]

De Leon: What are the characteristic elements of partnership? Explain. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Juridicial Personality of Partnerships ,[object Object],[object Object],[object Object]

What is referred to in Art. 1772? ,[object Object],[object Object]

Art. 1769. In determining whether a partnership exists, these rules shall apply: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Trivia Question ,[object Object]

Answer ,[object Object],[object Object]

Trivia Question: ,[object Object],[object Object]

Partnership v. Co-ownership ,[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object]

Question 1: Is the BIR correct in contending that the heirs had formed an unregistered partnership? When did the unregistered partnership begin? ,[object Object],[object Object]

Question 2: Are the heirs, as unregistered partnership liable to pay corporate income tax? ,[object Object],[object Object]

Question 3: May the heirs deduct from the income tax due their unregistered partnership the income tax they paid on their individual incomes of which the share in the net profit of their unregistered partnership is a part? ,[object Object],[object Object]

Partnership V. Joint Venture ,[object Object],[object Object],[object Object],[object Object],[object Object]

Partnership V. Conjugal Partnership ,[object Object],[object Object],[object Object],[object Object]

Joint Venture, A form of Partnership ,[object Object],[object Object],[object Object]

Example of Joint Venture ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object]

Commissioner of Internal Revenue v. Suter ,[object Object],[object Object]

Ruling ,[object Object],[object Object],[object Object]

As to LIABILITY OF PARTNERS ,[object Object],[object Object]

As to DURATION ,[object Object],[object Object]

As to LEGALITY OF EXISTENCE ,[object Object],[object Object]

As to REPRESENTATION TO OTHERS ,[object Object],[object Object]

As to PUBLICITY ,[object Object],[object Object]

As to PURPOSE ,[object Object],[object Object]

Edison Electric Light Co. ,[object Object],[object Object],[object Object]

Thomas Edison and J.P. Morgan and the Vanderbilts

Warner Brothers ,[object Object],[object Object],[object Object]

McDonald’s (MCD) ,[object Object],[object Object],[object Object]

Hewlett-Packard (HP) ,[object Object],[object Object],[object Object],[object Object]

Microsoft (MSFT) ,[object Object],[object Object],[object Object]

Apple (AAPL) ,[object Object],[object Object],[object Object],[object Object]

Google (GOOG) ,[object Object],[object Object],[object Object],[object Object]

Is a Business Partnership the Right Choice for You? ,[object Object],[object Object]

The Sam-Rachel Partnership Story ,[object Object]

Thought to Ponder ,[object Object]

Some possible pros: ,[object Object],[object Object],[object Object],[object Object],[object Object]

Some possible cons: ,[object Object],[object Object],[object Object],[object Object]

Are you the business partner type? ,[object Object]

Dating Period ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object]

How to register a PARTNERSHIP with the Philippine SEC ,[object Object],[object Object],[object Object],[object Object],[object Object]

Articles of Partnership ,[object Object]

Video Conference from Atty. Zachery Mc Nathan Alvarado

Activity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Report on Partnership (General Discussion)

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