Alimony

Categories: Tax, Trusts and Estates

You said "I do." You stamped on the glass. Then, he told you to take the garbage out one time too many, and that was it. You realized that your high school sweetheart connection really revolved around your shared love of football games, and not around the witty repartee of dinner conversation you'd hoped for as you went through law school, and he went through nail salon certification.

So now, you owe him an analogous lifestyle of what he left, and you pay him alimony as a financial representation of that lifestyle. You owe it until he marries someone else, so for free, you include in the monthly check a complimentary subscription to JDate.

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Finance: What is a partnership?23 Views

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finance a la shmoop. what is a partnership? a marriage. joint ownership

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of a bar. when two dudes put up half the dough each to share 50/50 in a time [two different people offer money for keys]

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machine. well a partnership is just the merging

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of two individuals in doing a given business deal or setting up a business

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structure. if both are owners then both are liable for you know bad things

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should they happen. partnerships carry a lot of financial danger if one partner

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goes off the rails and decides to commit fraud in the name of the company or that

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evil partner enters into a stupid company bankrupting contract, well then [bad contract sold to unsuspecting victim]

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both parties pay for it. the innocent partner pays just as much in the form of

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whatever financial damages befall the partnership as the evil one, and

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partnership liabilities include personal assets if the partnership is structured

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like a general partnership with limited partners having no personal liability so [ liability structures defined]

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for all the good that a partnership can have it can get bad and ugly so you got

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to enter partnerships carefully. spend lots of dough on lawyers before you set

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it up so you don't have to after. [money exchanged for partnership contract ]

Find other enlightening terms in Shmoop Finance Genius Bar(f)