Mary and Ted are discussing starting a new business and are asking themselves a series of questions like, "What is the worst tha

Question

Alla [95]

2 years ago

11

Mary and Ted are discussing starting a new business and are asking themselves a series of questions like, "What is the worst tha

t could happen if we fail?

Business

1 answer:

MissTica · Answer 1 · 2022-07-16T07:19:47+03:00

Answer:

Mary and Ted need to determine the type of partnership business they plan to enter into, if it is a <em>General Partnership, Limited Partnership and Limited Liability Partnership.</em>

The type of partnership business will determine their individual liabilities, in the event the business folds up. Furthermore, In a bid for Mary and Ted to answer questions like,"What is the worst that could happen if we fail, they will need a partnership agreement, which states the terms of agreements of each partners.

Explanation:

Mary and Ted need to determine the type of partnership business they plan to enter into, if it is a <em>General Partnership, Limited Partnership and Limited Liability Partnership.</em>

The type of partnership business will determine their individual liabilities, in the event the business folds up. Furthermore, In a bid for Mary and Ted to answer questions like,"What is the worst that could happen if we fail, they will need a partnership agreement, which states the terms of agreements of each partners.