Posts Tagged ‘partnership’

What makes better tax sense to fund a small business. Use a home equity line or seek an unsecured bus. loan?

Tuesday, September 15th, 2009

Additional details: This business is a partnership (no inc. involved) and both parties have good credit…

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Equity Loan on Land same as Home Equity Loan?

Monday, July 6th, 2009

Myself & 2 siblings own land. One wants to get out of the partnership, other 2 don’t want to sell off anything because it will increase in value. We want to get a loan using the land as collatoral to buy out the 3rd person. Would this be the same as a home equity loan? We want to keep the land intact and not sell any off if we don’t have to.

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Does both names of a joint ownership have to be on the loan and will it be on both’s credit report?

Monday, May 25th, 2009

My 2 brothers and I inherited our mom’s house. My one brother wants the money. My other brother is going to help me buy him out so I can live there. We are each buying him out for 25,000. I will have to get a loan for my part and my brother is paying with cash. I am thinking of a home equity loan or refinancing the house, I know both brothers will have to give permission but will the brother who is going to be my partner have to have the loan in his name? He may be buying his own house soon and he doesn’t want to risk not getting a loan because he is in a partnership on a mortagage. He fears this will make it look like he couldn’t afford the house. Is there any way for me to get a loan without my brother having to have the loan on his credit report. Thanks!

Related ‘partnership’ sites :


Partnership - Wikipedia, the free encyclopedia
Partnerships are often favored over corporations for taxation purposes, as the ... Partnerships may be formed in the legal forms of General Partnership ...
en.wikipedia.org/wiki/Partnership
 
partnership: West's Encyclopedia of American Law (Full ...
partnership ( ) n. The state of being a partner. A legal contract entered into by two or more persons in which each agrees to furnish a part of the
www.answers.com/topic/partnership
 
Partnerships
A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax. ...
www.irs.gov/businesses/small/article/0,,id=98214,00.html
 
Partnership - advantage, benefits, Advantages of forming a ...
In the words of the Uniform Partnership Act, a partnership is "an association of two or more persons to carry on as Co-owners of a business for profit. ...
www.referenceforbusiness.com/small/Op-Qu/Partnership.html
 
partnership Definition
partnership - definition of partnership - A type of unincorporated business organization in which multiple individuals, called general partners, manage ...
www.investorwords.com/3609/partnership.html
 
Partnership
A partnership involves two or more persons carrying on a business for profit. ... There are two basic types of partnerships (e.g., general partnership and limited partnership) ...
www.ftb.ca.gov/businesses/bus_structures/partner.shtml
 
PartnerShip

www.partnership.com
 
partnership - definition of partnership by the Free Online ...
Translations of partnership. partnership synonyms, partnership antonyms. Information about partnership in the free online English ...
www.thefreedictionary.com/partnership
 
Partnership accounting - Wikipedia, the free encyclopedia
If a certain amount of money is owed for the asset, the partnership may assume liability. ... Partnership earned profits, and a share of profits was allocated to the partner. ...
en.wikipedia.org/wiki/Partnership_accounting
 
Partnership | LII / Legal Information Institute
A partnership is a for-profit business association of two or more persons. ... Many states have adopted the Uniform Partnership Act (See California's adoption of the ...
topics.law.cornell.edu/wex/Partnership
 

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