What types of information should a partnership agreement contain?

What will be an ideal response?


A partnership agreement should generally include information about who will make the final decisions of the partnership, what each partner's duties will be, and the investment amount of each partner. It will also include how much profit or loss each partner receives or is responsible for and what happens if the partnership dissolves and one partner wants to exit the partnership or dies.

Business

You might also like to view...

Briefly define internal and external validity

What will be an ideal response?

Business

Marketers must balance the ________ of mass marketing with the ________ of offering each individual customer exactly what he wants

A) efficiency; effectiveness B) effectiveness; efficiency C) investment; cost D) cost; investment E) positioning; scale

Business

Which type of skill involves the ability to conceptualize situations?

a. technical b. time management c. decision-making d. interpersonal

Business

Which of the following is the best example of a people-based service?

A) an automatic carwash B) a museum C) a babysitting service D) an x-ray lab E) a movie theater

Business