partnership http://www.artwoo.com Returned search results for partnership Copyright 2008 Mon, 01 Dec 2008 16:12:04 +0000 http://www.artwoo.com/rss/partnership Partnership And The New Doc http://www.artwoo.com/article/partnership-and-the-new-doc http://www.artwoo.com/article/partnership-and-the-new-doc#comments Thu, 03 Aug 2006 08:27:46 +0000 partnership trackpricelessfind anyonejob interviewaskvote countsvote matter http://www.artwoo.com/article/partnership-and-the-new-doc job interview and this is it. You are in the last year of your medical or surgical training and you are a couple of months away from finishing. Ah. Finally. This is the perfect job. The location's great, pay is terrific; it is the practice style you want. And, when you ed if it was a , they said yes. .

Have a drink and prepare for some turbulence.

This is what you are thinking: I'll make the same as everyone else, even the senior partners. I'll get the same perks. I can't be fired. My . I am an equal.

This is what I want you to think:

* How many years is it to partnership? 1 year or 5? * Is there a buy-in, how much, and how is it executed? * Are there different classes of stock and partnership? * What do I get for partnership? What happens if I leave? * Is there a buy-out? If so, how is the practice valued? * Is there anything that will make my total package different from that of the other partners? * What can prevent me from being offered partnership? * How many other partners are there? If I have a vote, what does that mean? I have a half vote in financial matters, and a full vote in all other matters. Speaking of matters, does my ?

And most importantly, you can be terminated. Almost all partnerships have terms that not only specify the conditions under which you may or may not be offered partnership, but how you can be terminated.

So should you dismiss partnership as a goal? Not so fast. Do some research. Ask these questions to see if the promise measures up:

* Talk to recent partners and ask if there was any funny business. Did they get the offer as promised or were there any changes? * Find out if anyone has ever been on a partnership track only to be turned down for partnership and why. * who has left the group recently and find out why. * Talk to your attorney to find out exactly what partnership entails for you, and how it compares to the rest of the group, item by item, and dollar for dollar. Your attorney may know something of the groups' history and reputation.

Also realize that the value of partnership depends on the type of practice. If you are partner in an anesthesia group that is 100% hospital based and you become partner as planned but then your group loses its hospital contract, you have a full share of nothing.

If the financial and benefits terms are good, do the math and figure out if you are better off taking more money earlier than waiting until partnership. If you are offered 5 years to partnership, salary and benefits package totaling $150,000 first year, $175,000 second year, $200,000 third year, and so forth, would you be better off with a salary from day one of $225,000 but no partnership option?

In my 17 years of practice I have heard more partnership horror stories than fairy tales. This is the place to be diligent, especially if the lure of partnership is the key to your decision. Dr. Joseph M. Ullman is an American Board of Radiology Certified General and Interventional Radiologist with 16 years of practice experience. He is the author of Getting Down to Business: The New Doctor's Guide: What you need to know to find the ideal job and practice. For more information, visit http://newdocsguide.com. ]]> Just What Is A Limited Liability Partnership And How Can It Benefit Me http://www.artwoo.com/article/just-what-is-a-limited-liability-partnership-and-how-can-it-benefit-me http://www.artwoo.com/article/just-what-is-a-limited-liability-partnership-and-how-can-it-benefit-me#comments Thu, 20 Dec 2007 20:29:59 +0000 limited liability partnershipslimited liability partnershipdeed of partnershipcompany shareholderstaxation issuesmember partnerscompany structure http://www.artwoo.com/article/just-what-is-a-limited-liability-partnership-and-how-can-it-benefit-me s (LLPs).

LLPs do not replace traditional partnerships as a , but are an additional option that limit personal liability if anything should go awry with the business, much in the same way as are able to do.

Excluding exceptions such as instances of wrongdoing or of fraud, the members of a limited liability partnership cannot lose more than they have invested in to the partnership.

Who Should Consider An LLP?

While, in theory, any group of people setting up in business together might choose an LLP, the advantages are confined mainly to certain professions where they are frequently limited from setting up limited company by their professional bodies.

Solicitors, accountants and surveyors are among the most common groups that would most benefit from establishing a Limited Liability Partnership.

Setting Up An Limited Liability Partnership

Setting up a Limited Liability Partnership is fairly straightforward, though a members agreement - sometimes called a - will need to be in place covering the responsibilities of each member.

This agreement covers such things as who is the 'designated member' responsible for signing the annual accounts and acting on behalf of the LLP if it is dissolved in the future. It will also include details of the amounts of money each partner puts into the business and what would happen if one partner leaves the business.

The actually process of setting up the LLP simply requires the newly formed partnership to be registered with Companies House.

for UK LLPs

Limited Liability Partnerships are considered to be 'tax transparent'. This means that the partnership itself, in effect, pay no tax.

Tax is paid by the individual in proportion to the income gained through the partnership.

As with other business structures, the LLP will have to register for VAT once turnover reaches the =A364,000 threshold.

Further, if there are employees who are not members of the partnership, the LLP will have to set up a PAYE system to collect tax and National Insurance contributions for those employees.

Benefits of an Limited Liability Partnership

In short, the benefits of forming a Limited Liability Partnership rather than a Limited Company or traditional partnership are as follows:

1) All the partners in the LLP have limited liability protection.

2) All partners receive partnership tax treatment (there is no entity level income tax).

3) A Limited Liability Partnership allows for more flexibility in splitting partnership profits and losses.

4) The management structure of an LLP is more streamlined than in a limited company.

So, this business structure can benefit not only professionals such as solicitors who would usually set up traditional partnerships but a wide range of businesses.

As it is a fairly new type of company, the advantages are maybe not as well known as for other types of company structures, but you may find it beneficial to talk to a solicitor or accountant about whether an LLP is the best choice for you. Jim Haines works for Just Accountants, a site where UK companies can receive quotes from up to 4 accountants specialising in LLPs. Visit http://www.justaccountants.co.uk/partnerships.html for more details. ]]> What Are Limited Partnership Agreements? http://www.artwoo.com/article/what-are-limited-partnership-agreements http://www.artwoo.com/article/what-are-limited-partnership-agreements#comments Thu, 04 Sep 2008 01:29:22 +0000 limited liability partnershipslimited partnership agreementpartnership sharelimited partnershipslimited partnersjoint and several liabilitygeneral partners http://www.artwoo.com/article/what-are-limited-partnership-agreements hip Agreement, one must first understand the limited partnership. Similar to the hip, the limited partnership consists of one or more general partners and one or more limited partners. The general partners act as would be expected. On the positive side, they manage and control the partnership, share in its profits, use its property, and have authority to bind the other general partners. On the negative side, they are all jointly and severally liable for the debts and obligations of the partnership.

Add to this the limited partners who are, as their name suggests, limited in what they can and cannot do. Limited partners can share in the profits, receiving dividends of sorts. They also can avoid the for the partnership's debts. They cannot, however, bind the partnership, nor do they have management control-usually. But they can sit on the board of directors without being deemed to have management control. Lastly, they are obliged by statute to disclose their status as limited partners to the public, lest unwitting persons think otherwise.

It happens sometimes that limited partners can have management control and the power to bind the partnership, and this leads into the main distinctions between general partnerships and . First, limited partnerships are created not by the intention of the parties but by statute, by filing registration papers with the state. Second, the parties may decide to override the Limited Partnership Agreement by actually endowing the limited parties with rights that they would not normally enjoy. And third, so long as the limited partnership observes certain rules related to limited liability, centralized management, duration, and transferability of ownership, it will benefit from pass-through taxation. Otherwise, it will be taxed like a corporation.

Limited partnerships are also distinguished from . In the latter case, all the partners have limited liability. In the former case, only the limited partners have limited liability; the general partners are still on the hook. To address this hazard, the limited partnership may be set up such that the general partner is actually a corporation or LLC.

Limited partnership Agreements have a number of essential clauses. Because the agreements govern the partnership, it is important for them to be clear and complete. They should address the issues of control and authority-may limited partners manage or bind the partnership? They should also deal the purpose of the partnership, its duration and termination; possible assignment of partnership interests (which are regarded as securities by law; the other partners have right of first refusal, too, where a partner is trying to assign the interest); and money-how to split the profits, how they will be taxed, and how to divide the partnership's debts.

Limited Partnership Agreements are most commonly found in the real estate and entertainment (film) industries, where projects (like constructing a building or making a movie) are of a finite duration and where the duties can be neatly separated. That is, in these situations, the general partners make the investment and control the project, and the limited partners provide the labor and the know-how. All, however, enjoy in the profits-at least theoretically.Mark Warner is a Legal Research Analyst for RealDealDocs.com. RealDealDocs gives you insider access to millions of legal documents drafted by the top law firms in the US. Search over 10 million Documents, Clauses, and Legal Agreements for Free at http://www.RealDealDocs.com]]> Highly Effective Internet Marketing Via Partnership http://www.artwoo.com/article/highly-effective-internet-marketing-via-partnership http://www.artwoo.com/article/highly-effective-internet-marketing-via-partnership#comments Wed, 18 Oct 2006 10:27:09 +0000 partnership marketingmarketing strategiesmarketing effortsmarketing strategytarget audiencevice versahome business owners http://www.artwoo.com/article/highly-effective-internet-marketing-via-partnership marketing strategies that one can use on the Internet. The number of Internet marketing options is simply too vast and it is very easy for new users to get completely lost after a simple search on the World Wide Web. One has to wonder that with so much information, why is it that on the Internet are still not making enough money. The answer to this question could be that you have not tried Internet marketing via partnership.

Think of this as a symbiotic relationship between two different businesses. What this means is that if one store is selling coats and another is selling trousers then it might make sense if they advertised in a joint way because coats, trousers, ties, and even other accessories like shoes, hats, and gloves are all tied in somehow. The different businesses can promote each other by encouraging their own clients to shop at the other store and . If you feel that your business, on its own, is not really catching on then perhaps you should consider Internet marketing via partnership.

Of course, the most important aspect of this whole association is to figure out what business compliments your own. There will not be much good resulting from an association that is not complimentary. Success in Internet marketing via partnership will only come about if you understand your (same applies for your partner business). It they who will be the deciding factors in whether your is going to succeed or not so always think from their perspective. So what you must do is look for another business that can compliment the needs of your client more than complimenting your own business. If your clients benefit, you benefit, it is that simple. Once this decision is over you can go ahead and jointly start planning a to harness the power of this new partnership. Remember that just because you have a partner does not mean that you should cut your in half. Continue dedicating the same amount of time as always. It is not enough to merely cross-paste each other's links on the corresponding websites. Ryan Ginster is the owner of http://www.onlinemoneyinf.info He makes his money with PlugInProfitSite, you can grab one at: http://www.instantmoneyonline.info ]]> California Long Term Care Insurance -- What This State Offers That Others Don't http://www.artwoo.com/article/california-long-term-care-insurance-what-this-state-offers-that-others-dont http://www.artwoo.com/article/california-long-term-care-insurance-what-this-state-offers-that-others-dont#comments Sun, 27 Aug 2006 06:27:11 +0000 health care benefitscalifornia partnershipterm healthpartnership programterm care insurancenursing home servicesfortunately http://www.artwoo.com/article/california-long-term-care-insurance-what-this-state-offers-that-others-dont term care insurance; though residents of some states feel the insurance benefits the state more than it benefits the policy holder. for residents of sunny California, purchasing long term care insurance offers additional benefits that are not offered in most other states. This is because California has a partnership for long term care program. This means that in California, you do not have to spend your own money, commonly referred to as "spending down," or use all of your own assets in order to qualify for state financial aid when it comes to your health costs.

In California, there are two basic types of policies. The first one covers any that you receive in a nursing home or assisted living facility, which are the two most expensive areas of long term care, especially in the northern states. The second type of partnership program policy covers all health care benefits, whether you receive them in a nursing home, assisted living facility, or at your own home.

Some of the most basic health and financial benefits of a program include benefits that can be received in your own home and/or a nursing home, services to help you plan and receive the long care you need, a deductible that you only have to pay once in your entire life, premium waivers during your stays at a nursing home or assisted living facility, and protection against inflation should the cost of long term health care rise.

Yes, California residents are quite lucky to have the option of looking into and taking part in a partnership long term care insurance program that does not require them to spend any of their own money for the costs of long term care. http://www.myquoteguide.com/Car-Tips.shtml http://www.ezquoteguide.com/car/ http://www.ezquoteguide.com/home/ ]]> Why Opt For A Limited Liability Company? http://www.artwoo.com/article/why-opt-for-a-limited-liability-company http://www.artwoo.com/article/why-opt-for-a-limited-liability-company#comments Thu, 15 Jun 2006 18:32:09 +0000 limited liability companysole proprietorshipsingle proprietorshipbad faithpartnershipapparentlycorporation members http://www.artwoo.com/article/why-opt-for-a-limited-liability-company single proprietorship, enter into a or form a corporation.

Each of the three legal structures has its own advantages and disadvantages. A is the easiest type of business to put up and operate because only one person is responsible for decision making and for running the business. However, being alone in business means you are solely responsible for whatever happens to you business and you only have to rely on your own capital and resources.

A partnership is better considering that two or more heads are always better than one. A partnership offers more possibility in terms of capital base and of brain power. However, partnerships do not always work due to conflicting business decisions.

The next if not the best option is to form a corporation which would be composed of incorporators who will put up the seed capital for the business. A corporation can provide more sources of funds and the owners are only liable to as much as the money they have invested in the business. Provided of course that the corporation does not indulge in illegalities or does things in . Doing so would necessitate the application of the principle of piercing the veil of corporate fiction. This means that the owners can be made accountable even beyond the amount of their investments if they are found to be in bad faith in certain transactions.

While the corporation has proven to be the best option for business owner, there is another option called the which offers the characteristics of both partnership and corporation. Members of a Limited Liability Company can enjoy the limited liability enjoyed by corporations unless a personal guarantee has been signed. This legal structure also offers tax benefits much like the benefits available to corporations.

A Limited Liability Company does not however require the bureaucracy of a corporation in terms of the taking of minutes. And unlike in a partnership where the partners can only participate in decision-making depending on their partnership status, members of a Limited liability Company can take part in decision making without losing their limited liability protection.

However, while a corporation can last for 50 years renewable for another period, a Limited Liability Company can be easily disbanded particularly when a member dies or becomes bankrupt. It is also more feasible to form a corporation if there are plans to do a public offering.

Despite the disadvantages of forming a Limited Liability Company, it is still the best choice for business start ups that are still testing the waters but already want to give their business a legal structure. The author frequently writes for LLC Your Business http://www.llcyourbusiness.com where additional information about business and LLC resources is freely available. ]]> Columbus Schools Conduct Partnership Programs That Aid Students http://www.artwoo.com/article/columbus-schools-conduct-partnership-programs-that-aid-students http://www.artwoo.com/article/columbus-schools-conduct-partnership-programs-that-aid-students#comments Fri, 18 Aug 2006 06:27:12 +0000 ohio board of regentsohio statepartnership programliteracy partnershipspartnership programscolumbuselementary schools http://www.artwoo.com/article/columbus-schools-conduct-partnership-programs-that-aid-students partnership programs that Schools are engaged in cover a wide range of disciplines, grade levels, and locations. There are several successful in the Columbus Schools.

"Computers Rock 24/7" is a partnership program focused on introducing technology to fourth and fifth grade girls to technology. Students in the program develop their own web pages and learn about computers from the inside out. This program is a partnership between Columbus Schools, Weinland-Hudson Elementary School, The University Women in Technology, and The Women in Computer Engineering.

"Modeling Physical Sciences in Ohio" is a program aimed at teacher development and training. This partnership program involved Columbus Schools, College of Mathematical and Physical Sciences at Ohio State, , and Worthington City Schools. This partnership program centered around a three-week workshop intended to train Columbus Schools teachers in better methods of instruction that will be more effective with students from a variety of levels and backgrounds. Ongoing Saturday workshops held throughout the school year will revisit the techniques used in the original workshop and help foster a cooperative bond between teachers.

There are a number of in several schools in the Columbus Schools system that addresses all manner of literacy difficulties and language arts development. One literacy partnership program involved two Columbus Schools' , Medary and Trevitt Elementary Schools, working with Ohio State Department of English. The "Medary and Trevitt Literacy Partnerships" aims to provide extra literacy tutoring to first graders. Students from Ohio State will work with Medary Elementary first grade students in a program where students receive reading help during school hours. The Trevitt Elementary School program will have the Ohio State student tutors working in all manner of language arts in a one on one after school program. The students have benefited greatly from the individual attention that can be provided.

Another literacy partnership in the Columbus Schools is the Johnson Park Middle School Literacy Partnership. Started in the 2005-2006 school year, this program had Ohio Stat undergraduates from the Writing Program acting as advisors and mentors on the Johnson Park Middle School newspaper. The Johnson Park Middle School Literacy Partnership also had the students from Ohio State and Johnson Park Middle School working together to produce the monthly magazine "M," a magazine for and about middle schools on the east side of Columbus. This literacy partnership was part of a larger project between Johnson Park Middle School and Ohio State, led by the P-12 Project.

The "Africentric Literacy Program" is another tutoring cooperative between Center for the Study and Teaching of Writing in Ohio State's College of Humanities and the Columbus Schools' Africentric Elementary School. This program is now in its sixth year and has resulted in higher reading and writing test scores. The "Africentric Literacy Program" holds a special end of the year celebration in which the students in the program read selected writings from the year. All participating students in the program receive writers' kits and a hardbound book of all the students' work over the year. Stacy Andell is a staff writer for Schools K-12, providing free, in-depth reports on all U.S. public and private K-12 schools. Stacy has a nose for research and writes stimulating news and views on school issues. For more on Columbus schools visit http://www.schoolsk-12.com/Ohio/Columbus/index.html ]]> The Pros And Cons Of Making A Proprietorship Or A Partnership http://www.artwoo.com/article/the-pros-and-cons-of-making-a-proprietorship-or-a-partnership http://www.artwoo.com/article/the-pros-and-cons-of-making-a-proprietorship-or-a-partnership#comments Mon, 21 Aug 2006 08:27:20 +0000 sole proprietorshippartnershippartnershotgunpartnershipspiestarting a business http://www.artwoo.com/article/the-pros-and-cons-of-making-a-proprietorship-or-a-partnership sole proprietorship or a ship" rel="tag">partnership. Which one is right for you will depend on your financial situation and how much freedom you want to have.

1. Sole Proprietorship

Advantages

- Takes only one person to run - Simplest and least expensive business to form - Few legal restrictions - All profits (and losses) go to you - Controlling decisions made by you.

Disadvantages

- Unlimited liability (may exceed your investment) - Heavy responsibility - Your knowledge alone drives the company forward - Limited growth potential

2.

Another legal basis for is the partnership. Keep in mind that partnerships can be between more than two people. Often partners have different skills, or one parner is financially supporting the business while the others do all the work.

Advantages

- Easy to form - Shared responsibility - Capital can be raised faster

Disadvantages

- Again, unlimited liability - If the business goes down the tubes, so might your friendship - More complicated about what to do when one or more partners wants to stop being a part of the business

3. Breaking Up Is Hard To Do

When a partnership ends, it can often be a source of great dispute between the partners. It is highly recommended that you use a clause. A shotgun clause is where, in the event that one of the two partners decides he wants to get out of the agreement, he can allow the other partner to offer an amount of money to buy out his half of the company. The clause then goes on to state that the partner can then fire right back at the other partner and buy out their half for the same amount. In other words, imagine two kids fighting over a . You tell the kids that either one of them can cut the pie into two pieces, but then the other kid gets to choose what piece he wants first. This ensures that if your business partner offers you a dollar for your half of the business, you can fire right back at him and buy his half out for a dollar. This ensures you get a reasonably fair price for your half of the business. For more great business related articles and resources check out http://weknowcontracts.info ]]> Dare To Be Different: Limited Liability Company http://www.artwoo.com/article/dare-to-be-different-limited-liability-company http://www.artwoo.com/article/dare-to-be-different-limited-liability-company#comments Tue, 22 Aug 2006 22:27:16 +0000 limited liability companyllc memberssole proprietorshippartnershippersonal tax returnspersonal assetsliabilities http://www.artwoo.com/article/dare-to-be-different-limited-liability-company
Good decision-making is a key factor in the success of any business. Sometimes, it seems it solely depends upon these decisions we make. This involves what type of business to go into and of course, what kind of structure to use.

, or corporation. The decision is yours. But before you do, you might want to take a look at this thing called .

A limited liability company is a kind of business structure that offers limited liability to its members. It's not a partnership nor a corporation but rather a fusion of the characteristics of both.

Confused? Let us clarify it a bit.

In a corporation

* The company offers you just that limited liability depending on how much you invest. Just like in a limited liability company.

* There is no limit to the number of members. may be a single person, a corporation or a member of another limited liability company.

In a partnership

* The losses and of the company are shouldered equally by the partners. In LLC, there is a limit to how much a member will shoulder and collectors cannot hound the members to pay the company's liabilities using their .

However, the method of taxation in a partnership and a limited liability company is the same. On both types, the members put whatever income or loss they experience on their . This means that the company isn't the one paying the taxes but the individual members themselves. And there is no doubling of taxes involved.

The advantages of an LLC are:

* Less paperwork and administrative duties involved. This is because the company can be classified into different forms like sole-proprietorship, partnership or corporation regarding the way it is taxed. If they are registered as a sole proprietorship business, then tax involves less stress and work.

* General meetings and meeting minutes are not necessary

* There is more flexibility in the management of the business. All management policies depend upon the agreement between all of the members.

However, how good it might sound, there are always drawbacks. Disadvantages are:

* A limited liability company cannot last forever. Unlike a corporation where in succession takes care of the problem of management, the death of members or going bankrupt is usually enough reason for the company to break up.

* Also, the lack of stricter rules may cause a dissension between members and result to poor management.

* And it might be pretty difficult to find people willing to invest in the company. Note that a limited liability company is a relatively new trend and these investors might not be confident in investing in something that they don't fully understand yet, compared to the familiar grounds of a partnership or a corporation.

Yes, the road to success may be small, hard and long. Putting up your own limited liability company will take hard work and patience. But who knows? You might reap the best rewards. Be daring and be different.

All Rights Reserved. Content may be reprinted as long as links remain intact. Protect yourself and your business but getting an LLC today. Checkout http://perfectllc.info for more information. ]]> Atlanta Schools' Public Engagement Partnerships http://www.artwoo.com/article/atlanta-schools-public-engagement-partnerships http://www.artwoo.com/article/atlanta-schools-public-engagement-partnerships#comments Thu, 07 Sep 2006 04:27:10 +0000 atlanta schoolshewlett packardprice middle schoolpublic engagementpartnership programscorporationsaim http://www.artwoo.com/article/atlanta-schools-public-engagement-partnerships Atlanta Schools' Office of

The Atlanta Schools' Office of Public Engagement is responsible for creating and fostering partnerships between Atlanta Schools, community volunteers, teachers, parents, national and local , non-profit groups, and civic organizations in order to advance student achievement. The Office of Public Engagement was created as part of the ongoing educational reform that is occurring throughout the Atlanta Schools. The Office's is to connect the schools with any resource that could offer a positive influence on the success of the students in the Atlanta Schools. Many of these relationships are of a creative and ground-breaking nature. Several of the most successful involve some of the largest corporations in the nation.

's "Bringing it Home" Program

The Atlanta Schools has for many years been part of the Hewlett Packard's "Bringing it Home" program. The Atlanta Schools partnership with Hewlett Packard is part of a larger program that has representatives from Hewlett Packard visiting over 600 schools in the United States, Canada and the Caribbean. The main goal of the Hewlett Packard's "Bringing it Home" Program is to encourage students, their parents and teachers to create and communicate with technology. The Hewlett Packard's "Bringing it Home" Program is an interactive exploratory program that allows students to gain practical experience using digital photography and computers.

Atlanta Schools' was one of the locations where students were exposed to the latest innovations in technology. The Price Middle School's students were able to see how this technology could be applied to their own assignments and projects. The aim at Price Middle School was to help the students by making their work more efficient. The students, principal and teachers at Price Middle School all profited from Atlanta Schools' participation in the Hewlett Packard's "Bringing it Home" Program.

Atlanta Schools' Long Term Partnership with General Electric

Atlanta Schools has been in a partnership with General Electric Energy since 1993 and will continue this partnership in the future. The partnership with General Electric involves several different ongoing projects and was originally started by former Atlanta Schools' graduates who now are employed by General Electric. The General Electric Partnership was started as a tutoring and mentoring program where General Electric employees would volunteer in schools in the area but it has grown to include Saturday SAT preparation, the Family Technology Resource Center, and scholarship programs. There are now more than 1,500 General Electric employees involved in the General Electric Partnership in some way. The General Electric Partnership has proved to be very influential in student SAT performance.

In 2002, General Electric donated $1 million to Atlanta Schools' Southside High School as part of General Electric's national College Bound Grant Program. This donation to Southside High School was the first grant from the College Bound Grant Program to be given to a school in the Atlanta Schools. The grant is being used by Southside High School's "Strategic Design for Student Success" project. The school wide project plans to double, by 2007, the percentage of Southside High School's graduating seniors who go on to four-year or two-year colleges or universities, or who enroll in technical institutions. Stacy Andell is a staff writer for Schools K-12, providing free, in-depth reports on all U.S. public and private K-12 schools. For more information on Atlanta schools visit http://www.schoolsk-12.com/Georgia/Atlanta/index.html ]]> Secrets Of A Successful Marketing Partnership http://www.artwoo.com/article/secrets-of-a-successful-marketing-partnership http://www.artwoo.com/article/secrets-of-a-successful-marketing-partnership#comments Sun, 29 Apr 2007 08:35:01 +0000 partnership marketingjoint marketingmarketing materialsdirect mailterm partnershipspublicly traded companiesprospects http://www.artwoo.com/article/secrets-of-a-successful-marketing-partnership
There seems to be quite a bit of interest right now in marketing partnerships. It is about time. Businesses can set up and implement very successful partnerships, but the process is long-term. Partnerships do not generally produce significant results quickly.

What A Marketing Partnership Is

A marketing partnership involves two or more professionals, companies or salespeople who have common , similar marketing needs, and possibly complementary services. These entities join forces for mutual marketing and sales, usually within a specific market sector or for specific prospects. This does not mean they lose their individual identity. More than likely, each will continue to market and sell outside the partnership.

Marketing activities may involve:

=95 Creating materials =95 Joint , e-mail or advertising campaigns =95 Joint sales calls =95 Referring of prospects =95 Possibly even combining services, talents and assets to create new services

An example of a potential marketing partnership would be an accountant, estate attorney, financial planner, and insurance agent. By combining forces, these professionals can, at least in theory, coordinate and help guide an individual's affairs without the potential of conflict, jealousy, or competition. And, again, each individual professional benefits from wider exposure, more referrals, and marketing that is more efficient.

Virtually every professional and company has opportunities to create marketing partnerships. Although the most visible partnerships involve large, , partnerships offer tremendous potential for even the smallest of companies or single practitioners.

What A Marketing Partnership Is Not

A marketing partnership is neither a quick fix for sales problems, nor a way to eliminate the burden of marketing and sales.

Although some marketing partnerships may be elaborate formal legal entities, most, especially with smaller companies and individual practitioners, are informal devices that enhance each partner's marketing reach--their combined efforts allow both partners to meet prospects' needs they may not have otherwise been able to meet individually.

In a partnership both parties must assume responsibility for marketing the joint venture. A partner who expects to ride the back of the other partner will quickly find himself alone.

When considering a partnership, there are a few things to keep in mind:

1. Your Partners Help Define Your Reputation And Position

When you enter a marketing partnership, whom you choose to join forces with directly impacts your sphere of influence, marketing potential and reputation. Each partner's reputation "rubs off" on the other. In addition, your marketing reach is enhanced=97or limited=97by the other side's.

Consequently, you should take care when approaching someone as a partner. As the initiator, you have the advantage of choosing providers you want to join forces with. Since the ball is in your court, pair with businesses that have the reputation you want for yourself and the market reach you desire.

Careful selection of partners can rapidly establish a relatively new company or professional as an expert or serious player within their local industry. Likewise, poorly selected partners can just as quickly damage a reputation.

2. Partners Want Real Value From The Partnership

When you initiate a marketing partnership, the professionals and companies you approach will want to see results before they become enthused. You will have to sell them on the idea that the partnership will produce real benefit for them, not just for you. In addition, they will not want a new free "soft" service to provide their customers. They will want a real profit benefit.

So approaching them with the idea that they can refer a client with a need to you and thus provide a "service" to their client will not cut it. The partnership must offer them bottom-line dollars. Even then, they will not fully participate until they have experienced some benefit and see that it works. That means you must be prepared to give before you receive.

3. Your Commitment is Key

As the initiator of the partnership, you not only have the luxury of approaching those potential partners you believe will enhance your status, reputation and business potential, but you also must assume responsibility for its success. You will have to do the vast majority of work, at least at first. You will be dealing with people who may like the concept and want it to work, but they will be skeptical. You will have to carry the ball and show them that you are committed to the partnership=97and, again, that it will produce results.

The quickest way to achieve full buy-in of partners is to have a client or two ready to go as soon as your partner prospect agree to the partnership. Nothing gets the attention of a new partner like immediate business--and it demonstrates that you are serious in your commitment to them and not simply looking to mooch off their business.

Many, if not most, marketing partnerships fail to live up to their promise because the initiating partner forms the partnership with unrealistic expectations. If you are looking for a quick fix to sales problems, an "easy" way to get business, or are looking for a one-way referral connection, a marketing partnership is not the answer.

Nevertheless, if you are committed to building a long-term partnership that can vastly increase the prospecting and marketing capabilities for all concerned--and eventually the sales pipeline--a well constructed marketing partnership can work wonders. Paul McCord. McCord, president of McCord and Associates, a sales training and consulting firm in Houston, Texas, is the author of Creating a Million Dollar a Year Sales Income: Sales Success through Client Referrals (John Wiley and Sons, 2007) Find more information at http://www.powerreferralselling.com ]]> Loosing Sight Of The Partnership Is A Common Marriage Problem http://www.artwoo.com/article/loosing-sight-of-the-partnership-is-a-common-marriage-problem http://www.artwoo.com/article/loosing-sight-of-the-partnership-is-a-common-marriage-problem#comments Mon, 02 Oct 2006 22:27:06 +0000 marriage problemsmarriage partnershipmarriage problemunfortunatelycouplespersonal freedomindividuality http://www.artwoo.com/article/loosing-sight-of-the-partnership-is-a-common-marriage-problem s that you see is who have committed to each other (supposedly for life) and yet still believe that their remains unchanged.

Marriage just isn't like that, marriage is a two way street, couples are supposed to work together, support each other, respect each other and resolve any problems that life might throw at them, together. Yet it's really common for partners to just go ahead and do whatever they want without giving any thought what their spouse or family might think.

In some ways loosing sight of the partnership is closely akin to the common marriage problem that links most other marriage problems together, the inability to communicate.

It is really easy to do your own thing without giving any consideration to even the person you are supposed to love most. It's a common trait in many marriages for one or both partners to only consider number one. It's a common marriage problem for one person to get so fixed on what they want to do that they loose sight of what's reasonable, acceptable and truly important.

It's quite understandable that marriage doesn't mean the loss of and that just because you are married is doesn't mean that you still have goals and ambitions in life. What marriage does mean that you have to perhaps accept that what you want to do might just need to change a fraction or that you may need to reach some kind of compromise or tackle a problem from a different angle. The ability to retain the , but still achieve, is like most common marriage problems, it just requires consideration, thought, a little effort and the ability to communicate.

Such words seem harsh but in many cases prove to be very true with it being common for couples to adopt a totally inflexible approach to marriage and marriage problems. Time after time you come across that don't care attitude that is totally one sided and completely fixed on individual rather than joint needs. Terry Ross is the author for and the creator of http://www.commonmarriageproblems.marriagehealth.com ]]> Affiliate Marketing Partnerships http://www.artwoo.com/article/affiliate-marketing-partnerships http://www.artwoo.com/article/affiliate-marketing-partnerships#comments Fri, 29 Aug 2008 15:57:25 +0000 cpa cpabrick and mortarmortar businessesmail listazoogleaffiliate partnershipcommission junction http://www.artwoo.com/article/affiliate-marketing-partnerships mail list or just visiting the page. Below are the four most common forms of affiliate marketing partnerships.

Cost Per Sale (CPS)

Cost per sale is the most common form of affiliate marketing. It simply means that for each sale the publisher make as a result of the affiliate, the affiliate get pays a commission. Usually this commission is a percentage of the profit made by the publisher for that particular sale.

This form is popular amongst publishers as it means that they only have to payout when they've made sales, and is popular amongst affiliates because the commissions can be generous. The two biggest networks of CPS offers are Clickbank and . Clickbank specialises in digital products, while Commission Junction has many more "brick-and-mortar" businesses looking for affiliates.

Cost Per Acquisition (CPA)

CPA is also sometimes referred to as cost per action. In a CPA , the affiliate is paid money whenever a visitor completes a certain action. For example this action could be filling in a survey, joining an opt-in list or in some cases making a purchase.

CPA affiliate marketing has become more and more popular in recent years amongst affiliates because you can receive reasonably high payouts for some actions. Also, getting someone to join an e-mail list for example is often easier than getting someone to buy a product.

The money paid out for each action or acquisition varies for each publisher, and there are many CPA networks with thousands of CPA offers on the internet. Some popular networks are , Commission Junction and CPA Empire.

Cost Pet Thousand Impressions (CPM)

Cost per thousand impressions is when a publisher pays an affiliate a certain amount of money for every thousand visitors sent, regardless of how many of these bought the product or completed an action. This kind of partnership is much less common today than CPA and CPS, mainly because publishers know that it is not the amount of visitors that they get to their sales page but the quality of the traffic that's important.

This kind of system also isn't popular amongst affiliates because the payouts are generally much less than CPA or CPS, reflecting the low value publishers give to this sort of partnership. However there are some companies that still offer CPM affiliate partnerships.

Cost Per Click (CPC)

This is similar to CPM, but instead the affiliate is paid on a per click basis. Again, this kind of partnership isn't favoured by publishers because the affiliate is paid regardless of whether any sales were made.

The vast majority of affiliate partnerships, some estimate up to 99% on the modern internet, take the form of CPS and CPA. This is because they give the greatest monetary benefits for both the affiliate and publisher.Discover one of the best ways to make money online with the golden thread reviews system: http://GoldenThreadReviews.com]]> The Difference In The Many Incorporation Entities http://www.artwoo.com/article/the-difference-in-the-many-incorporation-entities http://www.artwoo.com/article/the-difference-in-the-many-incorporation-entities#comments Mon, 21 May 2007 17:24:58 +0000 becoming incorporatedsole proprietorshipbusiness entitieslimited liability companythis means thatdoing businesssign contracts http://www.artwoo.com/article/the-difference-in-the-many-incorporation-entities Becoming incorporated is not all that complicated. There are 4 that you can choose from. If you know the difference in the 4 of them, then you should not have any problems knowing which one is for you. However, here is a run down on the entities and what they are.

As is a business entity, and also is sometimes called a , or even a fictitious name. When you have a Doing Business As entity, this business is not separate from you. You the owner are personally responsible for all debt, law suits, and income that comes from this entity. When there is more than one person involved in the DBA entity, that person is also legally liable, and the entity is then known as a partnership.

Regular Corporation is also a type of entity that you may be considering. When you have a corporation, the owners are not personally responsible for any of the company's debt. The regular corporation can purchase real estate, , and can handle its own legal matters apart from the owners.

S Corporation is a entity that a corporation can form after becoming incorporated. With this status, the taxes are then changes so that it is taxed as if it were a sole proprietorship or partnership instead of a corporation.

LLC also known as is an entity that is generally the easiest and cheapest to obtain. It also provides protection for the owners, in the even that the LLC obtained debt, or were to be sued.

While becoming incorporated can be quite confusing to someone that has never owned a company before, it is all quite simple. If you are considering becoming incorporated, just be sure that you know how many people will be in it with you, what name you would like to operate under, and then you can choose which entity is best for you and your business. Find out more about Many Incorporation Entities at http://www.llc-explained.com ]]> Why Incorporate Your Business? http://www.artwoo.com/article/why-incorporate-your-business http://www.artwoo.com/article/why-incorporate-your-business#comments Fri, 16 Jun 2006 00:32:06 +0000 incorporating your businesssole proprietorshipsingle proprietorshipvastpartnershipbusiness venturebusiness ventures http://www.artwoo.com/article/why-incorporate-your-business business ventures without first looking into the form of business that would be most suitable for them given their business experience and financial capability. Deciding on what legal form your venture is going to take will spell the difference when you experience difficulty in your business later on.

A businessman can choose from different business forms including sole or , or a corporation. Each of these legal forms has their own advantages and disadvantages and a businessman should be well aware of their implications on his business venture.

is the easiest business venture to put up because you only have yourself to disagree with. This means you can go ahead with whatever plans you have and you can implement them anytime. It means that when your venture succeeds then you will reap all the financial rewards of your business. The sad fact is that this can also be a disadvantage since it can also mean that you will shoulder all the losses if the business fails.

A partnership will do well for that require more capital and more skills and expertise. You and your partner can concentrate on the different aspects of the business depending on your skills and talents. A partnership form of business means both you and your partner get to share your financial earnings and losses. However, there could be a problem if the business acquires debts because your creditors can run even after your personal money and not just after the capital infused into the business.

The most ideal, although complicated, type of doing business is the corporation. would mean bringing in other people to the business. This would mean no decision can be reached without the agreement of the majority of the Board of Directors. The good thing about a corporation is the availability of financial resources for the business.

A corporation is a distinct legal entity from its incorporators and shareholders so that in case the business incurs debts, the share or stockholders will only answer for the debts depending on the shares they have in the corporation. This is called the theory of limited liability. The creditors will no longer have any right to seek payment from the personal finances of the stockholders.

A business can start as a sole proprietorship but the owner can chose to incorporate the business later as it grows. True, there are more documentation requirements for incorporating a business but the advantages of incorporating a business far outweigh the disadvantages. The author is a regular contributor to http://www.inc-today.com where additional information about incorporating your business is available. ]]> The Form Of A Business http://www.artwoo.com/article/the-form-of-a-business http://www.artwoo.com/article/the-form-of-a-business#comments Mon, 03 Sep 2007 16:25:00 +0000 nature of the businesspartnership limitedsole traderpersonal assetsunlimited liabilitypersonal tax returnsearnings http://www.artwoo.com/article/the-form-of-a-business
In a financier's eyes, the sole purpose of the business is to increase the wealth of the owner's as far as possible. In the chasing of wealth, people can organise the business in several different ways. There are three basic legal business structures that organisations take on normally. Each is chosen depending on the complexity of the business, liability preference and tax considerations of the owners.



This is a business owned by an individual or husband and wife. The owner retains all the profits and carries for all losses. If things go poorly, the owner's can be seized. It is the most similar form of business and as with, for example, a simple burger stall no special government registration is required. are simply added to the owner's personal income and taxes are paid on the total income. However, because it is not a separate legal entity that can be sold in pieces, it is more difficult for a sole trader to raise money in the financial markets.

Partnerships

When several people get together and form a business, they often enter into a partnership. As in a sole trader, each owner's share of the earnings is included in his or her . Depending on the , there are two main types of partnership. For example, in a general partnership the general partners have unlimited liability for all business debts.

In a limited partnership, limited partners are protected from the full extent of their investment. The limited form is used to protect investing partners that do not participate in the management of the business.

Limited Companies

These are separate legal entities from the individuals that own them. In the eyes of the law, a limited company is treated as another individual who conducts his or her business. The assets and liabilities of the company are owned by the company and not by the owners. In the case of bankruptcy, the owner's personal assets are shielded from creditors.

The company's ownership is split into shares of stock that investors can purchase. When management decides that the company needs more money, additional shares can be issued and any investor is personally protected from any liabilities of the company.

A drawback is that that the company is double taxed in that the dividend is taxed along with the individuals.

Within the limited form, there are two variations, the C Corp and the Subchapter S Corp, which has thirty five or fewer owners who agree to include the company's earnings as in a partnership. This way the double taxation aspect does not fall on the owners and the firm's limited liability advantage is maintained.

Within investment, there are two main routes one can take. There is the investment area where headlines are made and there is financial management which is the work that helps companies pay the bills and make acquisitions.

Thus ends a very brief summary of business formats. Naz Daud is the Founder of the CityLocal Internet Business Franchise Opportunity. http://www.citylocal.co.uk http://www.citylocal.co.uk/frontend/franchiseinfo.php?cityid=79 http://www.citylocal.ie http://www.ecademy.com/account.php?id=120141 ]]> How to Make Your Horseracing Partnership Dreams Come True http://www.artwoo.com/article/how-to-make-your-horseracing-partnership-dreams-come-true http://www.artwoo.com/article/how-to-make-your-horseracing-partnership-dreams-come-true#comments Mon, 10 Nov 2008 06:29:29 +0000 thoroughbred racing partnershipsracehorse ownershipgoing to the racetrackowning a racehorseracing publicationsmonetary commitmentselling shares http://www.artwoo.com/article/how-to-make-your-horseracing-partnership-dreams-come-true owning a racehorse is a unique and thrilling experience. People not familiar with the idea of simply have no comprehension of the many additional delights, just waiting to be sampled.

A great many owners enjoy visiting the racetrack at some point for dawn training, so that they can view their horse exercising, working, getting hot walked, washed down and groomed. There is an extraordinary gratification in standing at the rail, fresh cup of coffee in hand as your impatient, prancing colt trots past, keen to begin his work. The mainstream owners arrive prepared with a big bag of carrots; big because their horse's neighbors will insist upon treats, pats and scratches behind their ears as well!

In truth, racehorse ownership often begets a completely new lifestyle. Lots of owners become utterly caught up with their horses, a number of times a week, buying horse and searching the internet for fresh details on their horse's heritage and relatives.

Undoubtedly, investing in a racehorse as the one and only owner is an enormous , both in the original expense and paying the assorted monthly bills. Luckily there is an easier and much more practical answer: racehorse partnerships.

Buying a percentage in a thoroughbred partnership will usually give you no less rights and perks than a full owner. However, some partnerships will need you to purchase a minimum five percent stake before you meet the criteria for an official State Owner's License. An owner's license is compulsory for access to the backstretch, free entry to the track as an owner, utilizing owners' car parking, etc.

There are plenty of on hand. Clearly an important consideration will be that they are in a horse stabled at a racetrack handy to where you live, if not your visits will be somewhat compromised. Another issue is the type of horse being syndicated: as a rule a claiming partnership involves a more hardened racehorse, often campaigned, but likely to be claimed away again, so ownership could be brief. A young, as yet unraced two year old is a more permanent possibility. His first race could be a number of months in the future, but you will have lots of opportunities to get to know and connect with your purchase and enjoy the advantage of charting his progress.

Request printed information, brochures, etc., from a number of partnership companies, or trainers who put together partnerships. Get in touch with the managing partner or trainer personally (after 10:30 a.m. when morning training is finished) and find out how reachable and cooperative he/she is. Even if you buy the minimum share to be had in a horse you will be an owner and you should anticipate being treated as such.

Don't make the mistake of buying into a racehorse sight-unseen. An important aspect of a thoroughbred partnership centers around your one on one connection with the horse, and every horse is an individual with an exceptional personality so it's vital that you actually "like" your purchase. If you are a total beginner, try to take a more experienced owner with you on your opening meeting.

Take note of these suggestions and your ideas of racehorse ownership really will become a happy reality.During recent years, buying a share in a thoroughbred racehorse has become increasingly popular. The problem is - where to start? PartnersInThoroughbreds is a web site devoted to horse racing partnerships. All current partnerships and syndicates are included and the News and Features sections covering listed partnerships are constantly updated. If you're in any way interested in a racehorse partnership .... CHECK OUT => PartnersInThoroughbreds.com]]> Columbus Schools' Partnership Program Offers A Variety Of Programs For Students http://www.artwoo.com/article/columbus-schools-partnership-program-offers-a-variety-of-programs-for-students http://www.artwoo.com/article/columbus-schools-partnership-program-offers-a-variety-of-programs-for-students#comments Sat, 14 Oct 2006 10:27:06 +0000 wexner center for the artspartnership programpartnership programsglobal schoolschool busschools artelementary schools http://www.artwoo.com/article/columbus-schools-partnership-program-offers-a-variety-of-programs-for-students partnership programs will continue into the 2006-2007 school year. These programs are conducted jointly with Columbus Schools and local and state universities, colleges, academic organizations, community organizations and area volunteers. The programs are wide ranging and cover lots of different subjects and grade levels.

Columbus Schools' Art Ventures Partnership Program

The Art Ventures Partnership Program is a program that jointly works with Columbus Schools' and The . This program was created primarily for the fourth grade students and fourth grade teachers and all elementary school arts teachers. As a part of the program, fourth grade students will visit the Wexner Center for the Arts three times per school year. Each visit will focus on a different art program including visual arts and performing arts. There will also be lessons created by the Wexner Center for the Arts that include studio activities and interactive tours. The employees of the Wexner Center for the Arts will visit the Columbus Schools' classrooms to prepare students and teachers prepare for visits and lessons. The Wexner Center for the Arts started the program in 1993 and now works with 45 elementary schools. The Wexner Center for the Arts aims to give the schools with connections to their regular curriculum. The Arts Venture Program provides students with an understanding the purpose and need for arts in society and can point out examples of art embedded in our environment.

Columbus Schools' Bus

The Global Partnership Program is a joint cooperation between Columbus Schools' Mifflin Alternative and Ohio State University's Office of International Affairs. This program brings an international connection to the prekinder- 12 classrooms. The Global School Bus Partnership Program uses presentations and hand-on activities about cultures from around the world. The countries that have been included in the program in past years are: France, Syria, Jordan, Egypt, South Africa, India, Taiwan, British West Indies, England, Italy, Bolivia, Greece, Mongolia, Ecuador, Chile, Japan, Quebec, Nepal, Ireland, Spain, Pakistan, Turkey, Cameroon, Germany, Poland, Russia, Czech Republic, China, Hong Kong, Mexico, Argentina, Australia, East Africa, Tanzania, and Indonesia. The project has citizens and experts from these and other countries share information on a variety of topics, including music, food, dance, customs and lifestyles, biodiversity, calligraphy, climate, international affairs, schools, and education with students in their classrooms.

Columbus Schools' Buckeye Mentoring Hub

This partnership program is a large program that involves Columbus Schools' members Como Elementary, Cranbrook Elementary, Crestview Middle School, Hubbard Elementary, Indianola Middle School, Whetstone High School; The Mentoring Center; the Big Brothers and Big Sisters of Ohio; and Ohio State University students. The project gives Ohio State students with a real opportunity to apply some of the educational strategies they study. Students will work with urban students who need to work on their leadership skills and negotiation skills. Mentoring is a great way for students to deal with youth violence. Started in 2004, the Buckeye Mentoring Hub has recruited, trained, and placed over 300 Ohio State student mentors with students in the Columbus Schools. Patricia Hawke is a staff writer for Schools K-12, providing free, in-depth reports on all U.S. public and private K-12 schools. For more information on Columbus schools visit http://www.schoolsk-12.com/ohio/columbus/index.html ]]> Trees - The Outdoor A/C http://www.artwoo.com/article/trees-the-outdoor-ac http://www.artwoo.com/article/trees-the-outdoor-ac#comments Sun, 01 Jul 2007 11:25:00 +0000 shade treesplanting treesclearwaterenvironmental protection agencyrooftop gardensvegetationstorm water runoff http://www.artwoo.com/article/trees-the-outdoor-ac Environmental Protection Agency, and is a simple and effective way to reduce heat islands. When a city such as Downtown strategically plants trees around homes and buildings the interior is directly cooled, therefore reducing air conditioning and peak energy demand. It has been proven that trees effectively cool the air and buildings around them through the production of shade and "evapotranspiration" which is the evaporation of water from leaves.

It is interesting to learn that the shade from trees make the surface cooler anywhere from 9 to 36 degrees F or 5 to 20 degrees C. This is much cooler than the peak surface temperature of un-shaded areas. These cool "shaded" areas decrease the quantity of heat transferring to buildings=85.thus reducing the energy needed for air conditioning.

We should also keep in mind that trees and vegetation improve air quality most notably by reducing Carbon Dioxide (CO2) emissions, decreasing and by improving community livability. NASA reported in a 2004 article that some US cities have initiated the planting of on city buildings to help cool the urban surface. Rooftop gardens insulate buildings and reduce energy consumption by intercepting solar energy that would otherwise heat the roof surface. And because rooftop gardens are irrigated, evapotranspiration helps cool the air.

What should you do this weekend? Cool down by planting a tree. But first we would suggest that you visit the official Clearwater website at www.myclearwater.com, and review the residential development guide. It's a great resource for recommended with low water usage that will fit into the landscape of beautiful Clearwater. Also for further interest and more in-depth research documentation, you can also visit www.epa.gov/hiri/strategies/vegetation.html. And as always, you can become a member of the Clearwater Downtown Partnership and help us create a beautiful downtown that will become Tampa Bay's new destination! Jenny Esno is an Executive Board Member of the Clearwater Downtown Partnership and owner of 1st Continental Mortgage. She travels to St. Pete or Tampa to enjoy shopping/entertainment but would love using downtown Clearwater. For information on the Clearwater Downtown Partnership at http://www.clwdp.org ]]> Time Requirements And Mechanics Of A Tax Exchange http://www.artwoo.com/article/time-requirements-and-mechanics-of-a-tax-exchange http://www.artwoo.com/article/time-requirements-and-mechanics-of-a-tax-exchange#comments Sun, 09 Jul 2006 00:27:07 +0000 internal revenue servicetarget propertyfederal expressrelinquished propertyaggregate valuecourier serviceironically http://www.artwoo.com/article/time-requirements-and-mechanics-of-a-tax-exchange relinquished property or the due date of that year's tax return, whichever occurs first, to acquire the replacement property. This is called the Acquisition Period. The first 45 days of that period is called the Identification Period. During this 45 days, the Exchangor must identify the candidate or which will be used for replacement. The identification must:

- Be in writing, - Signed by the Exchangor, and, - Received by the facilitator or other qualified party (faxed, postmarked or otherwise identifiably transmitted through or other dated ).

This must all occur within the 45-day period. Failure to accomplish this identification will cause the exchange to fail.

Identification

Three rules exist for the correct identification of replacement properties.

1) The Three Property Rule dictates that the Exchangor may identify three properties of any value, one or more of which must be acquired within the 180-Day Acquisition Period.

2) The Two Hundred Percent Rule dictates that if four or more properties are identified, the aggregate market value of all properties may not exceed 200% of the value of the relinquished property.

3) The Ninety-five Percent Exception dictates that in the event the other rules do not apply, if the replacement properties acquired represent at least 95% of the of properties identified, the exchange will still qualify.

As a caveat it should be mentioned that these identification rules are absolutely critical to any exchange. No deviation is possible and the will grant no extensions.

* , although only approximately 3-5% of exchanges are audited, the few exchanges which don't pass upon audit typically fail because of discrepancies in identification.

Mechanics of a Delayed Exchange

It is important that any exchange be carefully planned with the help of an experienced, competent and creative exchange professional. Preferably one who is completely familiar with the tax code in general, not just Section 1031, and who has extensive experience in doing many different kinds of exchanges. Thorough planning can help avoid many subtle exchanging pitfalls and also ensure that the Exchangor will accomplish the goals which the transaction is intended to facilitate.

Once the planning is complete, the exchange structure and timing are decided, and the relinquished property is sold and the transaction is closed, the facilitator becomes the repository for the proceeds of the sale. The money is kept in the facilitator's secured account until the replacement property is located and instructions are received to fund the replacement property purchase.

The funds are wired or sent to the closing entity in the most appropriate and expeditious manner, and the replacement property is purchased and deeded directly to the Exchangor. All the necessary documentation to clearly memorialize the transaction as an exchange is provided by the facilitator, such as exchange agreement, assignment agreement and appropriate closing instructions.

Partnership Exchanges and IRC §1.761-2(a) Elections

The Tax Reform Act of 1984 made it very clear that partnership interests cannot be exchanged and qualify for deferred gain treatment under IRC Section1031. The regulations also interpret no difference between general partnership interests or limited partnership interests. Although actual partnerships can exchange with other partnerships under Section1031, the exchange of an individual interest is prohibited.

However, the Omnibus Budget Reconciliation Act of 1990 did amend IRC Section1031 to incorporate the use of IRC Section1.761-2(a), Election of Partnerships to not be treated under Subchapter K of Chapter 1 of the Code, for the purposes of taxation. This means that Section1.761-2(a) can potentially provide an avenue to utilize Section1031 to those investors currently owning partnership interests.

So, how does an election under Section1.761-2(a) provide a benefit to the typical investor? Well, if every individual or entity within a partnership, elects to have his individual interest treated as his own real property interest, similar to a tenant in common interest, then that individual interest can qualify to be exchanged under Section1031. And since that partnership interest can qualify for deferred gain treatment, the amount realized from the sale of that interest can be used to acquire any qualifying replacement property.

Therefore, an interest from a partnership in which all partners have made individual elections under Section1.761-2(a) can be exchanged for any other property. And, there is no requirement that the investor exchange into replacement properties with his or her previous partners, only that the exchange be used for investment purposes only and not for the active conduct of a business.

Also, the converse of the above Section1.761-2(a) situation is possible. It is permissible for a partnership to acquire a property and elect to have the partnership interests treated as individual real property interests for taxation purposes, at the time of purchase. Therefore, as seen in some sophisticated transactions, particular partnerships which have already elected under Section1.761-2(a) may be established for the sole purpose to solicit investments from other partners exchanging out of one partnership (with the benefit of Section1.761-2(a)) into the new entity. This process enables the Exchangor to exchange out of one previously non-qualifying exchange investment into one which provides little or no management and superior cash flow or other benefits.

This strategy can also be used for business assets. In both cases, however, it is important to outline the goals and objectives of all parties involved in the exchange.

It should be noted that in every case involving an election under Section1.761-2(a), it is critical to evaluate the status of your election and exchange with the advice of a qualified tax professional. They will relate your situation to specific Internal Revenue Letter Rulings and other interpretations, which could assist in the strategic structuring of your transaction. This article brought to you by Nationwide Exchange Services. Nationwide Exchange Services (NES) is a leading provider of 1031 tax deferred property exchange products and services. Learn more about 1031 Tax Exchanges http://www.nationwide1031.com/res_basics.html ]]>