You have new items in your feed. Click to view.
Question and answer
What key terms would you as a prospective partner require in a partnership agreement?
A partnership agreement will provide a written structure for your business clearly setting out each partner's responsibilities, rights, profit/liability sharing, rules relating to business entry and exit, [ and also the terms on which disputes are resolved and the partnership can be terminated.Key areas to cover in your partnership agreement include: a) ownership interests, taking into account
any cash, assets, loans or investments made by individual partners b} salaries and compensation: how will profits or losses be allocated? c} how the partnership will be managed d) each partner's specific responsibilities within the business, and what level of performance is expected from them e) whether partners expected to make a full-time commitment to the venture, or are permitted involvement in other business activities f) what processes should be followed if one partner wants to leave the partnership or a new partner is admitted g) whether partners will be allowed to sell their interests in the business to outsiders and, if so, how will their share be valued h) on what grounds a partner can be expelled from the partnership (e.g. misconduct, non-performance of duties) ]
Expert answered|bongche|Points 1036|
Question
Asked 2/26/2012 7:57:51 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,804,392 questions answered
Popular Conversations
Melinda's job consists of greeting visitors at the front desk of an ...
Weegy: The answer is C. Why would you e-mail your boss for directions. instead you should look it up yourself.
1/20/2017 11:24:37 AM| 2 Answers
_______ stated, "Remember the Alamo!" William Bowie Stephen ...
Weegy: The Texas Soldiers stated "Remember the Alamo." User: _______ prospered because of the attention given by the ...
1/20/2017 11:03:02 PM| 2 Answers
What is the frequency of a wave if 3 crests pass in 6 ...
Weegy: The frequency of a wave if 3 crests pass in 6 seconds is 0.5 Hz.
1/21/2017 12:32:19 AM| 2 Answers
Weegy Stuff
S
Points 468 [Total 468] Ratings 1 Comments 458 Invitations 0 Online
S
P
Points 212 [Total 643] Ratings 3 Comments 182 Invitations 0 Offline
S
Points 203 [Total 215] Ratings 0 Comments 203 Invitations 0 Offline
S
P
P
L
Points 154 [Total 1049] Ratings 2 Comments 134 Invitations 0 Offline
S
Points 88 [Total 90] Ratings 5 Comments 38 Invitations 0 Offline
S
L
P
P
P
Points 68 [Total 4027] Ratings 0 Comments 68 Invitations 0 Offline
S
Points 24 [Total 96] Ratings 0 Comments 24 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 0 Comments 11 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.