Recall the chapters opening feature involving Chance Claxton and Lynn Julian, and their company, Kids Konserve. Assume

Question:

Recall the chapter’s opening feature involving Chance Claxton and Lynn Julian, and their company, Kids Konserve. Assume that Chance and Lynn, partners in Kids Konserve, decide to expand their business with the help of general partners.

Required
1. What details should Chance, Lynn, and their future partners specify in the general agreements?
2. What advantages should Chance, Lynn, and their future partners be aware of with respect to organizing as a general What disadvantages should Chance, Lynn, 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...