The management’s decision to make a partnership with another company is called:
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The management’s decision to make a partnership with another company is called:
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- Why does a partnership require a partnership agreement? ➢ Identify some of the critical features of a partnership agreement.What is a partnership? Outline the legal issues involved in the formation of a partnership. In your answer, discuss the issues that partners should consider in drafting the partnership agreement.Suppose a partnership is set up and operated without a formal partnership agreement. What problems might arise? Explain
- Define partnership with appropriate examples. Briefly explain three main characteristics of a partnership business?Assume that you have decided to form a partnership, what articles should be included in a partnership agreement?Name the two types of partnership? List at least two advantages and disadvantages of a partnership
- You have been invited to become a member of a partnership. What are five of the considerations you need to assess in making a decision whether to join the partnership and whether to become a general or limited partner?Why is it appropriate for good partnership portfilio management to develop and execute a portfolio plan for each business unit and a corporate policy for handling all partnerships of the whole company?Explain the circumstances where it would be preferable to use the partnership as a form of business organization. What are the risks?