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LSDefine

Simple English definitions for legal terms

family partnership

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A quick definition of family partnership:

A family partnership is when family members work together to run a business and make money. It's like a team where everyone helps out and shares the profits or losses. There are other types of partnerships too, like ones where people who aren't related work together, or ones where some partners have more control than others.

A more thorough explanation:

A family partnership is a type of business partnership where the partners are related to each other. It is governed by the same laws and regulations as any other partnership.

For example, a father and son may start a family partnership to run a small business together. They would share the profits and losses of the business according to their agreed-upon terms.

Another example could be a group of siblings who inherit a family farm and decide to form a partnership to manage and operate it together.

Family partnerships are a way for family members to work together and share in the success of a business. However, it is important to have a clear partnership agreement in place to avoid any misunderstandings or conflicts.

family of nations | family-partnership rules

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kms
i think they want me to take the june one in this case
above their median for everything chat i'm ending it
I applied NYU on October 8th like r give up right?
16:46
wtf
16:47
i'd reach out to their admissions and check up on it
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
0:26
@UnderRepresentedTryhard: that’s a greater than sign. Meaning outside t14
0:27
Schools>t14
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