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LSDefine

Simple English definitions for legal terms

title member

Read a random definition: Trademark Electronic Application System

A quick definition of title member:

A title member is a person whose name appears in the name of a partnership. They are also known as a named partner. A partnership is a business where two or more people work together and share the profits and risks. There are different types of partners, such as a general partner who is responsible for the partnership's debts and a limited partner who only receives profits but does not manage the business. A title member is important because their name is part of the partnership's identity.

A more thorough explanation:

A title member is a partner whose name appears in the name of the partnership. For example, Mr. Tibbs is a title member in the accounting firm of Gibbs & Tibbs.

This means that the partner has a significant role in the partnership and is responsible for the business's profits and losses. They also share the risks and benefits of the venture with other partners.

Other types of partners include:

  • General partner: A partner who takes part in the daily operations of the business, shares in the profits and losses, and is personally responsible for the partnership's debts and liabilities.
  • Limited partner: A partner who receives profits from the business but does not take part in managing the business and is not liable for any amount greater than their original investment.
  • Silent partner: A partner who shares in the profits but has no active voice in management of the firm and whose existence is often not publicly disclosed.

For example, a limited partner may invest money in a business but not have any say in how the business is run. A silent partner may invest money and share in the profits, but their involvement in the business is kept secret.

title jurisdiction | title of entry

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12:05
am i the only one who has never gotten my status checker to work on here?
BulbasaurNoLikeCardio
12:06
@ChowieBean: want to see what schools they share an applicant pool with, think it is all data harvesting stuff no a +/- for the applicant
12:06
ok good cuz idk whether i wanna tell them or not
12:06
thanks bulbasaur
12:08
not to be that guy again but berkeley person/applicant id is back and Shiny New Logo
be that guy
EW THE NEW LOGO IS SO UGLY
WTF
12:09
need to send in my berkeley app rawwwww
BulbasaurNoLikeCardio
12:09
@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.
BulbasaurNoLikeCardio
12:10
*shouldnt be
12:12
@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)
babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
12:14
yes def applying public interest
12:16
i was raised like blocks away from umiami
12:16
idk if i wanna go back to florida tho so im applying there as safety/target 💀
12:25
@ChowieBean: doing the same thing
Does anyone think au gonna get back to us today
My app was complete Oct 11
If yes what time
Dkk
12:29
Sure, yes! 11:22:24 PST
ClassyPleasantHeron
12:30
I wonder if Berk was updating their system so that they could watch more video.
1a2b3c4d26z
12:41
They updated it so they could watch my video one trillion times
brookyln law portal just added person id and application id for me, what does it mean??
Dkk
12:52
@VolatileClumsyAcolyte: well someone got an A so maybe an A
just checked the reddit, apparently it means nothing..
HAPPY FRIDAY HAPPY UCLA DAY
what time would they release cuz west coast
BulbasaurNoLikeCardio
12:54
I hate that Vanderbilts portal gives no status
HopefullyInLawSchool
12:54
@VolatileClumsyAcolyte: did you apply YM to Brooklyn?
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