Chris Gray, Bryson Alef, and Nick Pirollo are founding partners of their company, Scholly. Assume that Chris,

Question:

Chris Gray, Bryson Alef, and Nick Pirollo are founding partners of their company, Scholly. Assume that Chris, Bryson, and Nick decide to expand their business with the help of general partners.
Required
1. What details should Chris, Bryson, Nick, and their future partners specify in the general agreements?
2. What advantages should Chris, Bryson, Nick, and their future partners be aware of with respect to organizing as a general What disadvantages should Chris, Bryson, Nick, and their future partners be aware of with respect to organizing as a general Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...