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Ms. Sasha, the founder and chairman of Yummy Chocolates, a company that specializes in making chocolates, by using local ingredients eyes future expansion plan for

Ms. Sasha, the founder and chairman of Yummy Chocolates, a company that specializes in making chocolates, by using local ingredients eyes future expansion plan for their SME venture. Yummy Chocolates has been considered as a successful SME model for youth in Canada. Sasha, a school dropout started this venture from her home in Alberta and was one of the first chocolatiers in the region. Sashas company buys products from local farmers in an attempt to support local workers and contribute to the growth in the local economy. Sashas business model inspired Ms. Amna, an Omani national who had visited Canada and had learned about her small venture. Amna and Sasha had been in frequent contact. Amna wanted to start a company of her own and Sasha was ambitious on expansion. Both these individuals decided to help each others cause and decided to start a small chocolate manufacturing company in Oman. Sasha cannot afford to leave Canada and hence decides to transfer the know-how and capital to Amna. Amna will be responsible for carrying out the Functional activities of the firm You are an independent advisor based in Muscat and are requested to explain the procedure of forming a partnership firm. Also explain in detail the different methods by which the partners could maintain the capital in the firm.

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