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Smart Reasoning:

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Qaagi - Book of Why

Causes

Effects

the original partnersresultingfrom the admission of the new partners

partners ' interestsresultingfrom the admission of new partners

createPartnerCreatea new Partner entry

The increase in the statutory capitalmay resultfrom the admission of new partners

Online commandcreatesa new Partner entry

to prevent admission of a new partnerRightto preventadmission of a new partner

to be indemnified Rightto prevententry of new partner

Amongst the most important of these are the rights : ( a ) to share equally in the capital and profits of the business ; ( b ) to be indemnified by the firm for any liabilities incurred or payments made in the course of the firm ’s business ; ( c ) to take part in the management of the business ; BUSINESS L AW 59 ( d ) to have access to the firm ’s books ; ( e )to preventthe admission of a new partner

SWISSLOG ... if you wantto createa new Partner QTH entry

The newly admitted partnercontributesThe newly admitted partner

a source of additional capitalcreatesa source of additional capital

for examplewill resultfor example

a new partnershipcreatesa new partnership

a partnership firm to be reconstitutedcan leada partnership firm to be reconstituted

the partnership to lose its eligibility to opt out of the entity - level audit procedurewould causethe partnership to lose its eligibility to opt out of the entity - level audit procedure

the partnership to lose the partnership 's eligibility to opt out of the entity - level audit procedurewould causethe partnership to lose the partnership 's eligibility to opt out of the entity - level audit procedure

alsocould ... causealso

any new partnerships pgal 12196(passive) created byany new partnerships pgal 12196

a reverse layerwill createa reverse layer

an allocation of debt away from current partners , thereby triggering a deemed distribution ( and gain ) to the current partnerscould causean allocation of debt away from current partners , thereby triggering a deemed distribution ( and gain ) to the current partners

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