Author Question: Partners can deduct their portion of partnership losses from their personal income. Indicate ... (Read 17 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
Partners can deduct their portion of partnership losses from their personal income.
  Indicate whether the statement is true or false

Question 2

Discuss the requirements for a valid prenuptial agreement.



alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

TRUE

Answer to Question 2

The agreement should be presented in advance. The spouses should have independent counsel and a chance to review the agreement. There should be knowledge about the extent of the spouse's estate.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

For a complete list of videos, visit our video library