Ted and Beatrice are considering commencing a business of operating an on-line shoe store. Ted is an
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Question:
Ted and Beatrice are considering commencing a business of operating an on-line shoe store. Ted is an expert on computers and Beatrice is an expert on shoes. They are considering using a partnership arrangement. They want to draw up a partnership agreement, but are unsure of what they should agree upon. Ted is also worried that he may be exposed to all the debts of the business.
Required:
Advise Ted and Beatrice of what their partnership agreement should cover. Also explain to Ted the law relating to his exposure to partnership debts.
Related Book For
Principles of Information Systems
ISBN: 978-1305971776
13th edition
Authors: Ralph Stair, George Reynolds
Posted Date: