Question: Chris Gray, Bryson Alef, and Nick Pirollo are founding partners of their company, Scholly. Assume that Chris, Bryson, and Nick decide to expand their business
Chris Gray, Bryson Alef, and Nick Pirollo are founding partners of their company, Scholly. Assume that Chris, Bryson, and Nick decide to expand their business with the help of general partners.
Required
1. What details should Chris, Bryson, Nick, and their future partners specify in the general partnership agreements?
2. What advantages should Chris, Bryson, Nick, and their future partners be aware of with respect to organizing as a general partnership?
3. What disadvantages should Chris, Bryson, Nick, and their future partners be aware of with respect to organizing as a general partnership?
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1 Chris Bryson Nick and their future partners would be wise to construct an agreement that includes ... View full answer
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