kind of lost when it comes to the original investment which is 300,000. This is a partner ship agreement slip for class and just need some assistance with it
Satch marcel RSHIP AGREEMENT Template - Word erences Mailings Review View Help E E ALT I. AaBb . . 1 Heading 1 T List Bullet 1 Normal Signature 1 Title HD Paragraph Styles PARTNERSHIP AGREEMENT of the Brown & Thompson This AGREEMENT of PARTNERSHIP is made as of September 15, 2020, by and between the undersigned Partners. 1 Formation The undersigned hereby form a General Partnership in, and in accordance with the laws of, the State of Arizona. IL Name The name of the Partnership shall be Brown & Thompson Co, L.P., a Arizona limited partnership. 111 Capital Contributions (Identify the Partners and what contributions they are making to partnership Assets such as cash, equipment, buildings, and/or land.) Partners original investment per rubric is $300,000. Rights and duties (identify the Partners and their individual responsibilities in the Partnership... Manage the business, marketing, accounting, sales, etc. Is it a Limited Partnership where one or more Partners do NOT have responsibilities?) o Bicy 99 hp Capital Contributions (Identify the Partners and what contributions they are making to partnership....Assets such as cash, equipment, buildings, and/or land.) Partners original investment per rubric is $300,000. PURPOSE: This project is designed for you to use the general concepts presented in this course to prepare a Partnership Agreement. REQUIREMENTS: You and your fellow group members (2-3 per group) have a business idea and want to start a partnership. See People/Partnership Agreement for your assigned group members. You and your group must prepare a Partnership Agreement and Statement of Partners' Equity. See template below to use as an example or modify. Only (1) will be submitted online per group. Partnership Agreement Criteria Ratings Pts 0.0 pts Required Elements: Name and contributions: Rights and duties; Sharing of income and losses; Partners withdrawal of money arrangements; Dispute procedures; Admission and withdrawal of partners: Rights and duties in the event a partner dies 7.0 to >0.0 pts Required Elements Included all required elements. No Marks No required elements were provided 7.0 pts 0.0 pts No Marks Statement of Partners' Equity Prepare Statement of Partners' Equity based on the information detailed in your Partnership Agreement. Please use the following to prepare: Total Partners original investment is $300,000 and Net Income for 2019 is $90,000. 2.0 to >0.0 pts Partial marks Statement was prepared incorrectly. Statement was not prepared. 4.0 to 2.0 pts Full Marks Partnership total Investment of $300 000 and Net Income $90,000 was properly allocated based on the Partnership Agreement written and provided 4.0 pts 2.0 to 70.0 pts Good form 0.0 pts Poor form Good form. proper grammar, paragraph and sentence structure. Use double spacing with 1. inch margins, and don't forget to use the spell checker. 2.0 pts Total Points: 13.0
