Question:
"Joint Ventures and Partnerships" Please respond to the subsequent:
- From the e-Activity, compute a major 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.
- Suppose you are consulting with three medical doctors who are considering starting either a general partnership or a limited partnership. Propose the most compelling reasons why the doctors should prepare a limited partnership rather than a common partnership. Recommend the best approach for the partnership to assign income or loss. Offer support for your recommendation.
"Partnership Liquidation Process and Partnership Incorporation"Please respond to the subsequent:
- Prepare a liquidation process for a company of your selection and create an argument for how the new process is advantageous to individual partners. Offer specific examples to support your rationale.
- Prepare a compelling argument to convince a company's partners that now would 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.