Monday, January 23, 2012

MA State - Partnerships - Books and Records: Inspection and Formal Accounting

MA. State Laws Title 15 - Regulation of Trade, Ch. 108A Partnerships:

§ 19 Partnership Books, Right of Inspection :

The partnership books shall be kept, subject to any agreement between the partners, at the principal place of business of the partnership, and every partner shall at all times have access to and may inspect and copy any of them.

§ 22 Partners Right to Formal Accounting:

Any partner shall have the right to a formal account as to partnership affairs:
(a) If he is wrongfully excluded from the partnership business or possession of its property by his co-partners,
(b) If the right exists under the terms of any agreement,
(c) As provided by section twenty-one,
(d) Whenever other circumstances render it just and reasonable.

As of Read Date 1/23/12 ALL MA Laws subject to change and update and you MUST confirm as filing or relying. For best results consult with a Licensed MA State Attorney.  

There are many points where Accounting, Financial Analysis, Compliance and Tax services are guided by corresponding Statutes in addition to the commonly applied standards of US GAAP and these are the points where we seek to assist with CPA and Advisory Services based on Accounting and Financial Reporting or knowledge thereof.



DCarsonCPA.com we follow the line of Accounting and Reporting, Taxation and Compliance, a line which connects Government, Business, Industry, Non Profits and Individuals, encompassing the broad range of Standards that pertain to CPA and Advisory Services. This Line includes but is not limited to US GAAP, IFRS,  Federal, State and Local Taxation and Compliance Rules and more. The objective of which is to better support Clients on CPA and Advisory Services. We focus on the many slope intercepts of Regulation and corresponding Accounting Responsibilities in addition to the work of Accounting, Financial and Management Reporting, Analysis and Taxation.

We see value in connecting to better awareness of the ways we can help decision makers in all roles communicate better. We work with Networks to facilitate services and take a top down approach to Financials and Value. We are here to support Clients with corresponding needs and interest in our areas of expertise.

No comments:

Post a Comment