Paul Boyer, Fran Carrick, and Ed DiPano are contemplating the formation of a partnership. According to the

Question:

Paul Boyer, Fran Carrick, and Ed DiPano are contemplating the formation of a According to the agreement, Boyer is to invest $60,000 and devote one-half time, Carrick is to invest $40,000 and devote three-fourths time, and DiPano is to make no investment and devote full time. Would DiPano be correct in assuming that, since he is not contributing any assets to the firm, he is risking nothing? Explain.

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...