At the end of the first year in business, it appears that Ashley's restaurant has made a profit. She won't know the exact amount until her accountant finishes the financial statements, but he is asking questions about what "type" of business entity she is operating. She knows it is not a corporation because she has not filed any government forms or registrations. But she has promised to share some of the profits with others. To her father, Jim-who guaranteed the poultry supplier account, co-signed her lease, and painted the whole restaurant before opening-Ashley promised she would "pay him back" for all his hard work when the restaurant started making money. Ashley told her mother, who advanced her $50 000 at the start of the business, that there would be a good "return on her investment," and Ashley has already paid her $3000 for use of the money. Ashley asks her lawyer, Brendan, the following questions: Is she in a partnership with her parents? Why or why not? If so what kind of partnership is it, and how will they share the profits? Ashley's parents are old; what would be the consequences to the business if one of them died? What registrations should she have made?