business structure, liability, and partnership agreement

Project Description:

1. develop a hypothetical business you would consider
starting with a friend or relative.
a. imagine that the friend or relative has sufficient
funds to start the business and that you will be
doing most of the work (for example, if you were
starting a mobile car wash business, you would
be procuring the customers and washing the
cars).
b. imagine also that you will be performing all the
bookkeeping functions for the business.

2. in a written report, prepare the following:
a. a report to your partner, containing a detailed
description of the differences regarding liability with
respect to a sole proprietorship, a general
partnership, a limited partnership, and a corporation.
b. a completed partnership agreement, including the
following elements ready for signatures using the
partnership agreement included.

i. detailed description of the business
ii. names of the partners
iii. address of the partnership and the partners
iv. roles of each of the partners as limited
partners, being as complete and detailed as
possible (you can also be as imaginative as
you need to be with titles and
responsibilities )
v. list of assets provided by each partner
vi. division of income
vii. division of partnership liabilities (debts)
viii. method by which the partnership may be
dissolved, including what happens in the
event of filing for bankruptcy

submission requirements:

a minimum of three-pages.
please make sure you include the title page and the
reference page as part of your submission.
cite sources in the apa format.
adhere to standard english grammar, spelling, and
punctuation requirements.
use 12-point arial font.
Skills Required:
Project Stats:

Price Type: Negotiable

Completed
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