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LSDefine

Simple English definitions for legal terms

partnership certificate

Read a random definition: market intermediary

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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