Business » Occupation & Positions. A Partnership Agreement is a contract between two or more individuals who would like to manage and operate a business together in order to make a profit.Each Partner shares a portion of the partnership's profits and losses and each Partner is personally liable for the debt and obligations of the Partnership.. One benefit of a Partnership is that Partnership income is only taxed once. He carries on the daily business on behalf of all the partners. Managing Partner. Since a managing member is more involved in the day-to-day operation of the business, he or she may have a greater potential for personal liability than a non-managing member. Let us take a look at some of the important types of partners. V C V R & Associates LLP is a Chartered Accountant firm, based at Madurai and has a branch Office at Karaikudi. almudir almuntadab managing director, administrator Find more words! Contextual translation of "meaning of heshika shrew" into Tamil. partner translation in English-Tamil dictionary. ... Tamil. Subramani Ramachandrappa, CMD, Richcore Lifesciences, and Sarath Naru, managing partner, VenturEast, speak about the journey to the exit. Bangla. Showing page 1. A salaried partner usually works for the company exclusively, while an unsalaried partner may have another job or other investments. The firm is set up with 3 Offices, 2 partners and 15 experienced staff. 1] Active Partner/Managing Partner. What does business partner mean? The LLC managing partner will have duties and responsibilities as defined in the business's Articles of Organization. He or she is responsible for a variety of day-to-day activities like hiring, firing, bringing on new vendors, unions, etc. Found 201 sentences matching phrase "partner".Found in 5 ms. Definition of business partner in the Definitions.net dictionary. Asamiya. Meaning of business partner. Salaried Partner A partner who owns a portion of a company and thus is entitled to part of its profit, but who also receives a regular salary in exchange for his/her services for the company. – “Managing Director” / “General Partner” (MDs / GPs): In whatever VC organization you are dealing with, this is the top of the food chain. As the name suggests he takes active participation in the firm and the running of the business. An active partner is also known as Ostensible Partner. Information and translations of business partner in the most comprehensive dictionary definitions resource on the web. This page is about the meanings of the acronym/abbreviation/shorthand MP in the Business field in general and in the Occupation & Positions terminology in particular. ... meaning … Human translations with examples: bae, aram, டூட் பொருள், qq இன் பொருள், பாகிரி பொருள், வானவில் பொருள். 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