Today, most men wear a thin to moderately thick mustache with the beard, which is not waxed to curl upward. No hair is grown on the cheeks, so it is not a full beard. Ad. The Van Dyke is a variation of the goatee, and some also refer to the classic goatee with this name. Hair worn only on the chin may also be called a chin beard if it is very long.
A partner's basis is increased by the following items. 1  The partner's additional contributions to the partnership, including an increased share of or assumption of partnership liabilities. 2  The partner's distributive share of taxable and nontaxable partnership income.
The partnership agreement helps protect each partner's benefits. Siri Stafford/Photodisc/Getty Images. While there are a few disadvantages in an economic partnership, the many benefits of this type of structure can outweigh most--if not all of them.dditionally, the stability of the economic partnership agreement may be affected if each partner does not state her opinion in business matters. The partnership will get a little weaker each time management cannot agree on major issues that affect it.