Discussion 1
"Joint Ventures and Partnerships" Please respond to the following:
From the e-Activity, 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.
Discussion 2
"Partnership Liquidation Process and Partnership Incorporation" Please respond to the following:
- Construct a liquidation process for a company of your choice and create an argument for how the new process is advantageous to individual partners. Provide specific examples to support your rationale.
- Create a compelling argument to convince a company's partners that now would not be an advantageous time to incorporate the partnership. Provide at least three examples of how incorporating could have a negative impact on the financial position of the partners.