Alain,
you mis-attributed the following comments made by Eric to me.
>Uli: Really, once you open up business purposes you
>open up potential liability for contracts entered into
>by your partners. True, partners owe each other a
>fiduciary duty ... sorta like marriage, you have to
>watch out for your partners interests as well as your
>own.
>
>Alain: Why a partnership in the first place? Who are
>the signatories at this time? Partnerships are only
>necessary when money is involved, aren't they? I have
>always been told that partnerships are the most risky
>type of business association to enter into to. Why not
>incorporation instead? (e.g. very limited liability)
>
>Uli: The liability is prevented by 'nipping' any
>commercial object in the bud.
>
>Alain: Is the following a tautology ?
>****** no commercial interest = no liability ******
>
>Alain: How will we finance ourselves? Even non-profit
>organizations need some kind of revenue to maintain
>their activities (cost-recovery).
>__________________________________________________
>Do You Yahoo!?
>Bid and sell for free at http://auctions.yahoo.com
Cheers,
-- M. Uli Kusterer
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