Partnership-New Partner Added Easy Question

Adding a new partner to an existing partnership can be a more difficult process then providing a new equity interest in a corporation. One reason is the at the partnership less standardized in term of stock verses capital accounts. The partnership is also not a separate legal entity so any significant change in ownership can cause the partnership to terminate and then reestablish.
For more accounting information see website.

Courses

 

Leave a Reply

Your email address will not be published. Required fields are marked *