Discussion Post
• Mention and Explain the four most common legal forms of organization.
• Explain the characteristics of:
o Limited Liabilities Company
o Partnership
• Mention and explain three provisions of partnership agreement?
• In the absence of partnership agreement, how does partnership share profit or loss?
• How does a partnership admit a new partner?
• Define the concept of "Partner Bonus" and state how does partner bonus determined.
• Explain what happens to partnership when:
o A partner withdraws.
o A partner dies.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.