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According to Psion's web site Symbian is a joint venture, which is actually like a partnership but without necessarily intending to engage in business over the long term. The suffix "Ltd." generally means limited partnership, not limited liability company (which uses the suffix "LLC"). And, FWIW, a limited liability company is actually treated for tax purposes as a partnership, not as a corporation. "Pass through" tax treatment is treatment as a partnership, not as a corporation (which is is a separate taxable entity). Again, with a partnership the profit and loss allocation can be independent of each partner's equity stake. All of the above relates to U.S. law.

This is really OT, so this is the last I'll post on this. My whole point is that you don't know the profit allocation until you confirm it from the company. Take it for what it's worth.

Ron
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