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.
In general partnerships, each partner is equally responsible for all judgments, taxes and debts of the business. This means, that not only do you bear the same responsibility that you would in a sole-proprietorship, but you are also responsible for any wrongdoing or debts acquired by your partners! Limited Partnerships.