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Heidi Birmingham and James T. Roberts have decided to create a business. They have financing available...

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Accounting

Heidi Birmingham and James T. Roberts have decided to create abusiness. They have financing available and have a well-developedbusiness plan. However, they have not yet decided which type oflegal business structure would be best for them.

Required

Write a memo to these two individuals outlining the types ofsituations in which the partnership form of legal structure wouldbe the best choice

Answer & Explanation Solved by verified expert
3.8 Ratings (483 Votes)
The situations in which partnership form of legal structure would be the best choice are outlined as follows 1 The profits and losses are to be distributed in the proportion of capitalinvestment made by the onwers at the time of incorporating 2 The firm    See Answer
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