Read about the “MIDDLEHURST HOUSE” Which is a daycare center/preschool that operates as a partnership of George Friedman and Bill Compton. The center is in a city that has a large base of two income families who have a need for quality day care. The two men started the center this year. Compton contributed $40,000 to get the business started—to purchase equipment and to operate through the early months. Friedman, who previously managed another center, is the director of the center and draws $2,000 per month for his services. Partnership profits and losses, after Friedman's salary, are split 75 percent for Compton and 25 percent for Friedman. Middlehurst House operates from 6 a.m. to 6 p.m., Monday through Friday. It is in a single building that has a capacity limit of 120 children and meets city and state regulations.

Write a detailed paper about Middlehurst House