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Law on Partnership and Corporation by Hector De Leon PDF Free Download

If you are looking for a comprehensive and authoritative guide on the law on partnership and corporation in the Philippines, you might want to check out the book by Hector De Leon. Law on Partnership and Corporation by Hector De Leon is a popular textbook that covers the basic principles and concepts of business organizations, as well as the relevant laws and jurisprudence that govern them.

In this book, you will learn about the nature, formation, operation, dissolution, and liquidation of partnerships and corporations. You will also understand the rights, obligations, and liabilities of partners, stockholders, directors, officers, and managers. Moreover, you will gain insights into the special types of partnerships and corporations, such as limited partnerships, joint ventures, close corporations, foreign corporations, non-stock corporations, and cooperatives.

Law on Partnership and Corporation by Hector De Leon is written in a clear and concise manner, with examples and illustrations to help you grasp the concepts easily. It is also updated with the latest laws and rulings that affect business organizations in the Philippines.

If you want to download Law on Partnership and Corporation by Hector De Leon PDF for free, you can find it online from various sources[^1^] [^2^] [^3^] [^4^]. However, please note that downloading copyrighted materials without permission is illegal and may subject you to civil or criminal penalties. Therefore, we recommend that you purchase the original book from authorized sellers or publishers.

Law on Partnership and Corporation by Hector De Leon is a must-read for students, teachers, lawyers, accountants, businessmen, and anyone who wants to learn more about the law on partnership and corporation in the Philippines. It is a valuable resource that will help you understand and apply the legal principles and rules that govern business organizations.

Before you decide to form a partnership or a corporation, you should weigh the advantages and disadvantages of each business structure. Depending on your goals, resources, and preferences, one may be more suitable for you than the other.

Advantages of a Partnership

A partnership has several benefits over a corporation, such as:

Simplicity and flexibility. A partnership is easier and cheaper to set up than a corporation. You don't need to file any documents with the government or pay any fees to start a partnership. You just need to agree with your partner on how you will run the business and share the profits and losses. You can also change the terms of your partnership agreement anytime without much hassle.

Tax benefits. A partnership is a pass-through entity, which means that the business income and losses are reported on the partners' personal tax returns. This avoids the double taxation that occurs with a corporation, where the business pays tax on its income and then the shareholders pay tax on their dividends. A partnership also allows you to deduct more expenses than a corporation, such as health insurance premiums and retirement contributions.

More resources. A partnership gives you access to more capital, skills, and expertise than if you were running the business alone. You can pool your money and assets with your partner to fund the business operations and growth. You can also benefit from your partner's knowledge, experience, and network to improve your products or services and reach more customers.

Advantages of a Corporation

A corporation has some advantages over a partnership, such as:

Limited liability. One of the biggest benefits of a corporation when talking about a partnership vs. corporation is that a corporation is a separate legal entity. Creditors and legal claimants can only come after your business assets, not your personal assets (though personal assets are always fair game if youâve signed a personal guarantee on a loan). This protects you from losing your home, car, or savings if your business goes bankrupt or gets sued.

Perpetual existence. A corporation can continue to exist even if one or more shareholders die, sell their shares, or leave the business. This gives stability and continuity to the business and makes it easier to transfer ownership. A partnership, on the other hand, may dissolve if one partner dies, retires, or withdraws from the business.

Easier access to financing. A corporation can raise money by selling shares of stock to investors or by issuing bonds or other securities. This gives it more options and opportunities to fund its growth and expansion. A partnership can only rely on its partners' contributions or loans from banks or other lenders. aa16f39245