Question: Please I need help with the following scenario... Can please be as original as possible... Thank you in advance! Write 200250 words that respond to
Please I need help with the following scenario... Can please be as original as possible... Thank you in advance!
Write 200250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.
Please complete the following scenario:
NOTE: Remember to consider flexibility of decisions, restrictions and personal liability. For example, a limited partnership, one of the partners is limited and are not involved in the day to day management as well as having limited liability if something happens to the business. A general partnership involves an agreement of how the partnership will be managed, outlining the roles of each partner. However, in a general partnership the partners may be personal liable for debts of the business.
Maria and Sylvia have always wanted to start their own restaurant business and be an entrepreneurs. As entrepreneurs, they must decide whether the business should operate as a general partnership or as a limited partnership. Which is the better choice?
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