Patricia Derbyshire and Ann Oleksiw are interested in starting a marketing company that will focus on branding

Question:

Patricia Derbyshire and Ann Oleksiw are interested in starting a marketing company that will focus on branding for performers and musicians in the entertainment industry. Patricia is very creative and understands how the entertainment industry operates. Ann has exceptional administrative and customer relations skills.
Instructions
(a) What are the advantages and disadvantages for these two individuals of forming a as opposed to setting up a corporation?
(b) Assuming they decide to form a what should be included in their agreement? Be specific given the nature of their business and the two partners.
Taking It Further
How can a agreement help reduce the effects of mutual agency?
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...