Advanced Accounting

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June 6, 2019

Advanced Accounting

400 words

 

Two people are starting a small IT firm. They come to you for advice on how to form a partnership. Discuss the following questions:

  • To avoid and settle disputes in the future, what things be included in a partnership agreement?
  • In 2 years, if one of the partners wants to leave the partnership, what options are available to convert his share of the partnership to cash?

Please provide a response to these 2 questions based on the scenario above.

 

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