partnership aginst business trust?

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partnership aginst business trust?

2006-06-18 14:58:58 · 2 answers · asked by Anonymous in Local Businesses ➔ Other - Local Businesses

2 answers

Partnership is formed to carry on a commercial activity for profit whereas a business trust is body not meant for an activity for an intentional profit making.

Both have different legal status and treated differently for tax purposes.

2006-06-29 01:35:43 · answer #1 · answered by helpaneed 7 · 0⤊ 0⤋

Buyer beware!

2006-06-18 22:58:55 · answer #2 · answered by JazLive 2 · 0⤊ 0⤋