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Question Jack, Jill and Todd wantto form a partnership called The Hill. Jack wants to manage the partnership and Jill and Todd will merely be
Question Jack, Jill and Todd wantto form a partnership called "The Hill.\" Jack wants to manage the partnership and Jill and Todd will merely be investors. They each agree to contribute 1l3 of the initial capital and regular expenses. Because Jack is running the operation. everyone agrees that he should get V: the prots instead of HS. on an ongoing basis. Please tell the parties: a] What kind of partnership to form; b) What the status of each partner should be in that entity Also, please draft a provision that you would insert into the partnership agreement to divide the prots in a manner that the parties have set forth
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