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    Book Call Bookstore ACC-BML Partnership January 24,2020

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    Debbie Grace Latiban Linaza
    The document outlines the partnership agreement for Book Call Bookstore. It details that the capital contribution totals 5.5 million Philippine pesos contributed by 5 partners. The bookstore will offer a wide selection of books, magazines, and school supplies in a relaxing environment. It will also provide an online search and delivery service. Profits will first go to the industrial partner and then be shared proportionately among capital partners based on their contributions. The agreement allows for additional partners to be added by unanimous consent of existing partners.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Book Call Bookstore ACC-BML Partnership January 24,2020

    Uploaded by

    Debbie Grace Latiban Linaza
    37 views6 pages
    The document outlines the partnership agreement for Book Call Bookstore. It details that the capital contribution totals 5.5 million Philippine pesos contributed by 5 partners. The bookstore will offer a wide selection of books, magazines, and school supplies in a relaxing environment. It will also provide an online search and delivery service. Profits will first go to the industrial partner and then be shared proportionately among capital partners based on their contributions. The agreement allows for additional partners to be added by unanimous consent of existing partners.

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    BUS LAW NAMO NI.pptx

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    The document outlines the partnership agreement for Book Call Bookstore. It details that the capital contribution totals 5.5 million Philippine pesos contributed by 5 partners. The bookstore will offer a wide selection of books, magazines, and school supplies in a relaxing environment. It will also provide an online search and delivery service. Profits will first go to the industrial partner and then be shared proportionately among capital partners based on their contributions. The agreement allows for additional partners to be added by unanimous consent of existing partners.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    37 views6 pages

    Book Call Bookstore ACC-BML Partnership January 24,2020

    Uploaded by

    Debbie Grace Latiban Linaza
    The document outlines the partnership agreement for Book Call Bookstore. It details that the capital contribution totals 5.5 million Philippine pesos contributed by 5 partners. The bookstore will offer a wide selection of books, magazines, and school supplies in a relaxing environment. It will also provide an online search and delivery service. Profits will first go to the industrial partner and then be shared proportionately among capital partners based on their contributions. The agreement allows for additional partners to be added by unanimous consent of existing partners.

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    © All Rights Reserved
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    Book Call Bookstore

    ACC-BML Partnership
    January 24,2020
    COVER
    SHEET
    BUSINESS FUNCTIONS/ACTIVITIES/SERVICES
    • Book Call Bookstore will offer a wide range of books, magazines, and school
    supplies. This includes just about every conceivable category including
    fiction, non-fiction, business, science, children’s learnings and other types of
    books.
    • It will offer a relaxing, friendly environment that encourages browsing and
    reading.
    • We offer a “search and order” service online for customers seeking to find
    hard to get items and free delivery depending on the amount of items they
    order. We believe that this activity will attract more customers who wanted a
    hassle-free book shopping.
    • We will provide a maximum amount of inventory in order to satisfy the
    booklovers and enable learners to find what they possibly need for school.
    SECTION II: CAPITAL
    That the capital of this partnership shall be the amount of five million five hundred thousand (Php
    5,500,000), contributed in cash by the partners as follows:

    Name Amount Contributed


    Shin Indhel Balingcos Php 2,000,000
    Jessel Joy Masambo Php 1,500,000
    Aprilyn Alfafara Php 1,000,000
    Queen Camacho Php 500,000
    Debbie Grace Linaza Php 500,000
    Benjelyn Carajay Industry
     
    That no transfer of interest which will reduce the ownership of Filipino citizens to less that the
    required percentage of capital as provided by existing laws shall be allowed or permitted to be
    recorded in the proper books of the partnership.
    Section V. Compensation

    No partner shall receive any salary from the partnership, and the only compensation to be paid shall
    be:
    1. DIVISION OF PROFITS AND LOSSES
    The industrial partner shall first receive a just and equitable share of the profits to be decided by the
    partners, and thereafter, each capitalist partner shall share in the profits in proportion to their
    capital contribution. All losses occurring in the course of the business shall be borne in the same
    proportion by the capitalist partner only.
    2. ADVANCE DRAWS
    Each partner shall be at liberty to draw out of the business in anticipation of the expected profits any
    sums that may be mutually agreed on, and the sums are to be drawn only after there has been
    entered in the books of the partnership the terms of agreement, giving the date, the amount to be
    drawn by the respective partners, the time at which the sums shall be drawn, and any other
    conditions or matters mutually agreed on. The signatures of each partner shall be affixed on the
    books of the partnership. The total sum of the advanced draw for each partner shall be deducted
    from the sum that partner is entitled to under the distribution of profits as provided for in No. 1.
    SECTION VI: Adding Partners
    Additional PARTNERS may be added at any time, upon the unanimous
    written agreement of the existing PARTNERS, so long as the total
    number of PARTNERS does not exceed 10.
    The Partnership will amend this agreement to include new partners
    upon the written and unanimous vote of all partners. The name of the
    Partnership may be amended if a new partner is added to the
    Partnership upon the written and unanimous vote of all Partners.

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