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This is Partnership Operation and Termination, chapter 19 from the book Business and the Legal Environment (index.html) (v. 1.0). This book is licensed under a Creative Commons syncs 3.0 (http://creativecommons.org/licenses/byncsa/ 3.0/)
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This partnership operation involves a business structure where two or more individuals or entities combine their resources and skills to run a business together.
Partnerships are required to file their partnership operation with the relevant tax authorities.
Partners need to gather all financial information and complete the partnership operation form with the necessary details.
The purpose of filing a partnership operation is to report the partnership's financial information and allocate profits and losses among the partners.
Partners must report the partnership's income, expenses, assets, liabilities, and any other relevant financial information.
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