AC216-Mary Smith owns and manages a sole proprietorship

by | Mar 18, 2020 | Uncategorized

  

Mary Smith owns and manages a sole proprietorship business making candles that she sells at craft fairs and local gift shops. She has a friend, Jane Doe, who also has a sole proprietorship business making and selling scented soaps. The friends decide that they could expand their businesses by forming a partnership and working together. Up to this point each has been working out of her own home, but they now want to expand into a combined production and office facility. A mutual friend, Suzie Rich, believes that the expanded business would be successful selling online and in high end department stores. She wants to invest cash in the business but does not have the time or experience to help manage the business.

1. What are the advantages and disadvantages to each of these parties of forming a partnership?

2. What type of partnership do you think they should create? Why?

3. What issues should they consider when writing a partnership agreement?

  

Why work with us?

Authenticity:

All of our papers are authentic, as each paper of ours is composed according to your unique requirements. Confidentiality: We value you data. Our company is extremely efficient in guarding the privacy of our clients. 100% Money Back Guarantee: In the event you cancel your order, you get your money back as soon as possible, we give a 100% refund. 24/7 Support: Our team members are available via email, live chat, and phone. Revision Policy: You can apply for a revision if you think your paper could be better. In this case, your paper will be revised either by the specialist assigned to you or by another writer.

How the Platform Works

  • Click on 'Place Your Order' tab on the menu or click on 'Order Now' tab at the bottom and a new order page will appear
  • Fill in your requirements depending on your needs under the 'PAPER DETAILS' area
  • In the next section, fill in the academic level, required number of pages, paper deadline as provided in the drop-down menus.
  • To enter your registration details, click on 'CREATE ACCOUNT & SIGN IN'. This step allows you to create an account with us for purposes of record-keeping. Click on 'PROCEED TO CHECK OUT' at the bottom of the page
  • The next section requires you to fill in the payment details. Follow the guided process and soon your order will be available for our team to work on.