lizmoss
Blogger
Share this content
0
2
1139

Corporate partners & associated companies

Corporate partners & associated companies

A partnership is made up of a mixture of individuals and limited companies.  For associated company purposes, it seems to me that the corporate partners will be treated as carrying on a business, but what if in a particular year, one of the companies does not actually receive any share of the profits?  Would it still count as an associated company for those which did have profit shares?

Replies

Please login or register to join the discussion.

16th Apr 2012 13:47

Why?

Why would the corporate partners in a partnership be treated as associated with each other in the first place.  Are they under common control?

While the partnership continues, the corporate partner's business (being a member of the partnership) continues.

But companies aren't associated unless one of them controls the other or both are under common control.

Thanks (0)
avatar
By lizmoss
16th Apr 2012 14:33

Thanks for that. 

Thanks for that.  The companies are associated as they are controlled by the partners, so yes they should all count in that case.

Thanks (0)