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LSDefine

Simple English definitions for legal terms

partnership certificate

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A quick definition of partnership certificate:

A partnership certificate is a piece of paper that shows who is part of a partnership. It is usually given to banks or other places that lend money to the partnership. It proves that the partners are working together and are responsible for the partnership's debts and profits.

A more thorough explanation:

A partnership certificate is a document that proves a person's involvement in a partnership. It is often given to banks or other financial institutions when the partnership needs to borrow money.

John and Jane are partners in a small business. They need to borrow money from a bank to expand their business. The bank asks for a partnership certificate to prove that John and Jane are indeed partners in the business.

The partnership certificate would include the names of John and Jane, the name of the business, and the percentage of ownership each partner has in the business. This document would help the bank determine the level of risk involved in lending money to the partnership.

Another example could be a partnership between two doctors who own a medical practice. They may need to provide a partnership certificate to a hospital or insurance company to prove their partnership and eligibility for certain benefits or privileges.

In both examples, the partnership certificate serves as proof of the partners' involvement in the partnership and helps establish their credibility and trustworthiness to potential lenders or business partners.

partnership at will | partnership distribution

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[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
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