Business
22.12.2020 14:04
271
427
5
Solved by an expert
B approached L and proposed they form a partnership to exploit a profitable idea
B approached L and proposed they form a partnership to exploit a profitable idea of B’s. L declined, citing the risk of unlimited liability. B then proposed that L lend B $50,000 and that B go into the business as a sole proprietor. L would receive half the profits and the right to veto any of B’s decisions. The debt would have a long-term maturity date to facilitate operation of the business during its development stage. If L accepts the above proposition, the likely result is that:.
Show Answers
moongirl4791
4,6(94 marks)
B and L have formed a partnership even if they did not intend to.
Explanation:Partnerships can be formed in several different ways and can offer an attractive alternative to setting up as a company or a sole trader.
A partnership is the relationship of two or more 'partners' carrying out a business with a view to making a profit. You and your partners are responsible for running the business. You share profits between yourselves. You and your partners are personally responsible for paying the bills (apart from LLPs). Partnerships are not a separate legal entity (apart from LLPs).
jeremytheprimerapper
5,0(12 marks)
la energía térmica está contenida en la roca y los fluidos debajo de la corteza terrestre
Popular Questions about the subject: Business
Acrew will arrive in one week and begin filming a city for a movie. the mayor...
Business
10.12.2021 13:05
Adoctor who charges his patient for a more expensive procedure than the one...
Business
27.09.2021 05:54
According to mcardle, when the boomers are fully retired, there will be how...
Business
29.06.2020 21:09
Deon s coffee shop makes a blend that is a mixture of two types of coffee. type...
Business
13.05.2023 16:51
Allen air lines must liquidate some equipment that is being replaced. the equipment...
Business
30.08.2022 01:03
Afactory machine was purchased for $375000 on january 1, 2018. it was estimated...
Business
09.10.2021 04:09
Emma consumes dairy products, but she does not eat meat, fish, eggs or poultry....
Business
23.02.2023 05:17
Determine the time necessary for p dollars to double when it is invested at...
Business
17.07.2022 13:15
Elias, the manager of eat big chain of restaurants, gives awards on a monthly...
Business
05.01.2023 06:13
Dave klein is a produce farmer in northern california. his major customers are...
Business
02.11.2021 14:22
New questions by subject
2/3 (x - 7) = -2 what does x equal (2/3 is a fraction not dividing)...
Mathematics
12.09.2020 19:35
Scienests use critical thinking skills throughout the process of research or...
Chemistry
01.02.2020 05:45
What is the solution of the system? 10x – 2y = 24 6x+2y = 8...
Mathematics
06.11.2020 10:46
Ehe vd sant w die ost ficia 3. two costs of violence are costs to the victim...
Medicine
10.11.2021 04:50
Why shouldnt kids read about violence foul language presentation of stereotype?...
English
21.01.2022 05:27
in a group discussion, which of these is the best example of challenging the...
English
12.04.2022 08:35
Tell me this equation y– 4 = 20 in words...
Mathematics
07.01.2020 05:26
_1. when male and female gametes unite - 2. characteristics that parents pass...
Biology
17.11.2020 13:19
in a group discussion, which of these is the best example of challenging the...
Biology
02.04.2022 22:28
Kay ryan, turtle which words from the poem are an example of a simile? o a....
English
24.05.2021 22:43
Find out answers to questions
from an AI-bot
from an AI-bot
Get full access
Answers
