Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

partnership certificate

Read a random definition: remanet

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
LSD+ is ad-free, with DMs, discounts, case briefs & more.