This spring he and other future officers of the planned bank are to start teaching financial literacy classes to members of the community in cooperation with a local nonprofit, Vietnamese Community of Orange County.Kuehner-HebertKatieAmerican Banker...
The essential characteristics of this business form, then, are the collaboration of two or more owners, the conduct of business for profit (a nonprofit cannot be designated as a partnership), and the sharing of profits, losses, and assets by the joint owners. A partnership is not a ...