Question:
"Joint Ventures and Partnerships" Please respond to the subsequent:
- From the e-Activity, evaluate a significant factor that contributed to one joint venture's success and the other joint venture's failure. Suggest the most critical element that could be included in a joint venture agreement to ensure success.
- Consider you are consulting with three medical doctors who are considering starting either a general partnership or a limited partnership. Advise the most compelling reasons why the doctors should create a limited partnership rather than a general partnership. Recommend the best approach for the partnership to allocate income or loss.
"Partnership Liquidation Process and Partnership Incorporation" Please respond to the subsequent:
- Prepare a liquidation process for a company of your choice and prepare an argument for how the new process is advantageous to individual partners. Give specific examples to support your rationale.
- Prepare a compelling argument to convince a company's partners that now could not be an advantageous time to incorporate the partnership. Give at least three examples of how incorporating could have a negative impact on the financial position of the partners.