Question: Daniel Blake and Craig Martineau are founding partners of their

Daniel Blake and Craig Martineau are founding partners of their company, EcoScraps, LLC. Assume that Daniel and Craig decide to expand their business with the help of general partners.
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1. What details should Daniel, Craig, and their future partners specify in the general partnership agreements?
2. What advantages should Daniel, Craig, and their future partners be aware of with respect to organizing as a general partnership?
3. What disadvantages should Daniel, Craig, and their future partners be aware of with respect to organizing as a general partnership?

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  • CreatedApril 23, 2015
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