business law You and your friends all worked together in designing applications for Apples iPhone among other potential customers Last year you sold six applications to Apple at 350 per application plus 5 per phone sold You all are optimistic about your continuing success and want to formalize your relationship as a startup company Decide what type of entity you would form and why Make sure you discuss liability tax structure and the documents or contracts you would want to make sure you have b

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Partnership entity A partnership is a kind of business where a formal agreement between two or more ... View the full answer