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Research the Internet and locate two articles describing joint ventures, where one joint venture was a success and the other joint venture was a failure and briefly discuss the following problems:

-Determine a significant factor that contributed to one joint venture's success and the other joint venture's failure. Suggest the most critical element that should be included in a joint venture agreement to ensure success.

-Imagine you are consulting with three medical doctors who are considering starting either a general partnership or a limited partnership. Suggest 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. Provide support for your recommendation.

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  • Category:- Accounting Basics
  • Reference No.:- M940847

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