Develop a hypothetical business you would consider starting with a friend or relative. Imagine that the friend or relative has sufficient funds to start the business and that you will be doing most of the work (for example, if you were starting a mobile car wash business, you would be procuring the customers and washing the cars). Imagine also that you will be performing all the bookkeeping functions for the business.

Write a completed partnership agreement, including the following elements ready for signatures using the partnership agreement included.

1. Name and Business:

2. Term

3. Capital:

4. Profit and Loss:

5. Salaries and Withdrawals:

6. Interest

7. Management Duties and Restrictions:

8. Banking:

9. Books:

10. Arbitration