Acc 405 final project two.docx ACC 405 Final Project Two Partnership Memo ACC 405 South

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Acc 405 final project two.docx ACC 405 Final Project Two Partnership Memo ACC 405 Southern New Hampshire University Memo To: Alan, Bob, and Carol From: Alicia Danner Re: Forming a partnership ... Date: April 16, 2021 Thank you for consulting me for assistance with forming your partnership. A partnership is defined as a œa formal arrangement by two or more parties to manage and operate a business and share its profits (Kopp 2021). The information you provided explains that Alan invested $1,000,000 and will not take part of the daily activities. Bob will use his business experience to run the day-to-day operations and Carol will use her expertise to manage client acquisition. Despite the distribution of duties, in a partnership each member is due a share in the profits and losses. In creating a partnership, a partnership agreement should be created. This will serve as a legally binding contract between the 3 mem. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

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