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Hello, am asking for you help again please see attached question answer should be about 2-3 paragraphs and please provide references thanks Several years ago,
Hello, am asking for you help again please see attached question answer should be about 2-3 paragraphs and please provide references thanks
Several years ago, Amy, Bob, and Carol formed a partnership that operates a marina in Florida. Carol is ready to retire. Three options are being considered: Option 1: Sell the business and distribute part of the proceeds to each partner. Option 2: Borrow money to pay for Carol's interest in the business. Option 3: Ask Carol to find an outside buyer for her interest in the business. Pick one of these options and describe the tax consequences for the partnership and the partners for the option selected. If Carol should die before the plan is executed, how would this option be affected? Please note that the business entity for Bob is a partnership and there are other papers like this which was done for other student I do not want that same paper I would appreciate an original document. Thanks in advanceStep by Step Solution
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