Question
Business has been goingreally wellat the caf, Alexandra is considering taking on a partner. Alexandra would like to know more about partnerships. 1. memorandum setting
Business has been goingreally wellat the caf, Alexandra is considering taking on a partner. Alexandra would like to know more about partnerships. 1. memorandum setting out the law as it relates togeneralpartnershipsand alsopartners obligations.In your answer, remember to address the following: a.Relevant Legislation that applies to the structure b.Definition of the Structure- as per relevant sections of legislation c.How to set up the structure d.Is it a separate legal entity or not? e.Potential Liability? f.Tax Burden g.Reporting Burden (Compliance burden) h.Is the structure easily dissolved? i.Ease of raisingcapital? j.Other pros and cons.
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