Read the following as well as any other published articles on the bankruptcy of the partnership of

Question:

Read the following as well as any other published articles on the bankruptcy of the of Laventhol & Horwath:
“Laventhol Says It Plans to File for Chapter 11,” The Wall Street Journal, November 20, 1990, p. A3.
“Laventhol Partners Face Long Process That Could End in Personal Bankruptcy,” The Wall Street Journal, November 20, 1990, p. B5.
“Laventhol Bankruptcy Filing Indicates Liabilities May Be as Much as $2 Billion,” The Wall Street Journal, November 23, 1990, p. A4.

Required
Write a report describing the potential liabilities that the members of a could incur.

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...