The spectacular senior students in ACCT450 decide to form a partnership in order to start a business that researches mergers and acquisitions and sells the analysis to investors via a monthly report. Further, they decide to split the responsibilities of the partnership into three different areas as follows:

Some will invest the majority of the capital needed to start the business, but do not want to be involved in the daily operations since they never want to think about consolidations again J

After the writing assignment, a few have developed a passion for analyzing mergers and acquisitions and beg the other partners to perform the majority of the daily work.

The remaining believe they provide the most value to the new partnership by marketing the monthly report to their investment contacts, but will not be involved in the research or writing.

Required

Write a memo to the other members of ACCT450 proposing how the partnership can fairly allocate the profits of the partnership among the three different groups of partners identified above. Make sure you explain why it is fair to all partners.