One of the co-founders of Project Repat is no longer with the company, although he retains a

Question:

One of the co-founders of Project Repat is no longer with the company, although he retains a small ownership stake. What complications might this change have caused if Project Re-pat was set up as a partnership rather than a corporation?

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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