Discussion Post
This material deals with, among other things, the subject of partnerships and partnership accounting. While the accounting is relatively straight forward, the subject of partnerships themselves can be very expansive.
Picture if you will two sisters that want to start a business together. Sister "A" brings to the table technical knowledge and contacts with potential customers. Sister "B" brings to the table the physical facilities to make the product and the cash required to get their business of the ground. Based solely on this information, would you recommend the sisters start a general partnership or a traditional C-Corp together, and why?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.