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RYS & Co. is forward looking Domestic Merchant Bank and further functions in several related areas of business and finance.

The culmination of the experience of its founding partner’s tracing its roots back to R Y Salisbury and Associates in 1992. This has led to the development of a concentration of operational experience, knowledge and intuition that cannot be learned in books; it is only gained over time and at a considerable cost. Through the addition of other Senior Partners, we have created a combined knowledge and concentrated expertise.

This combined, rich and diversified business history is the driving force behind the firm’s many successes in the current economic and political climate. RYS & Co. is expanding its reach in America with like minded Senior Partners on all points of the compass, expanding our reach and market presence to take advantage of market opportunities.

The nature of the work is the ability to function as a trusted, independent advisor, agent, partner, or principal. A RYS & Co is oriented toward long-term relationships.

RYS & Co applies their operational, transactional and investment experience to the unique needs of early- and mid-stage companies and their investors.

Why a General Partnership?

RYS & Co. has elected to be a General Partnership (GP) for a number of reasons, privacy, commitment, independence and limited regulation not needing to file with State or Federal agencies other than for the purpose of State and Federal taxes. Other than the need to file our taxes on a K-1 to all partners the GP does not publish any financial data to any reporting agencies private or public and has a strict prohibitive policy in doing so that all partners must comply.

In this day and age of information proliferation and lack of confidentiality it is beneficial to have a high degree of anonymity to insure our independence, performance and privacy.

A General Partnership

Partnerships have certain default characteristics relating to both (a) the relationship between the individual partners and (b) the relationship between the partnership and the outside world. The former can generally be overridden by agreement between the partners, whereas the latter generally cannot be done.

The assets of the business are owned on behalf of the other partners, and they are each personally liable, jointly and severally, for business debts, taxes or tortious liability. For example, if a partnership defaults on a payment to a creditor, the partners' personal assets are subject to attachment and liquidation to pay the creditor.

By default, profits are shared equally amongst the partners. However, a partnership agreement will almost invariably expressly provide for the manner in which profits and losses are to be shared. Each general partner is deemed the agent of the partnership. Therefore, if that partner is apparently carrying on partnership business, all general partners can be held liable for his dealings with third persons.

By default a partnership will terminate upon the death, disability, or even withdrawal of any one partner. However, most partnership agreements provide for these types of events, with the share of the departed partner usually being purchased by the remaining partners in the partnership.

By default, each general partner has an equal right to participate in the management and control of the business. Disagreements in the ordinary course of partnership business are decided by a majority of the partners, and disagreements of extraordinary matters and amendments to the partnership agreement require the consent of all partners. However, in a partnership of any size the partnership agreement will provide for certain selectees to manage the partnership along the lines of a company board.

Unless otherwise provided in the partnership agreement, no one can become a member of the partnership without the consent of all partners, though a partner may assign his share of the profits and losses and right to receive distributions ("transferable interest"). A partner's judgment creditor may obtain an order charging the partner's "transferable interest" to satisfy a judgment.

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