Assignment:
Q1. What are the most important provisions of a partnership agreement?
Q2. Describe the duties and rights of partners.
Q3. Explain the difference between a limited partnership and a limited liability company?
Q4. What steps must be taken to dissolve a partnership?
Q5. Morgan and Stanley formed a partnership to operate a car dealership and they hired Jones to manage it. Jones’ compensation is to be one-third of the business’s profits. Is Jones considered a partner?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.