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1. Research the Internet and locate two articles describing joint ventures, where one joint venture was a success and the other joint venture was a
1. Research the Internet and locate two articles describing joint ventures, where one joint venture was a success and the other joint venture was a failure and briefly discuss the following questions: -Determine a significant factor that contributed to one joint ventures success and the other joint ventures failure. Suggest the most critical element that should be included in a joint venture agreement to ensure success. -Imagine you are consulting with three medical doctors who are considering starting either a general partnership or a limited partnership. Suggest the most compelling reasons why the doctors should create a limited partnership rather than a general partnership. Recommend the best approach for the partnership to allocate income or loss. Provide support for your recommendation. 2 Partnership Liquidation Process and Partnership Incorporation" Please respond to the following: -Construct a liquidation process for a company of your choice and create an argument for how the new process is advantageous to individual partners. Provide specific examples to support your rationale. -Create a compelling argument to convince a companys partners that now would not be an advantageous time to incorporate the partnership. Provide at least three examples of how incorporating could have a negative impact on the financial position of the partners
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