what additional information you would need from the partners to fully determine the tax implications?

Aliyah Franklin and Jayden Jones have both had businesses on the same city block for years. Ms. Franklin owns and operates a gift shop and Mr. Jones owns and operates a coffee shop. They are planning to form a partnership called A & J Gift and Coffee House in 2021. They both plan to contribute assets that are used in their respective businesses to start the partnership. These assets have increased substantially in value. Ms. Franklin also plans to contribute some cash to help with the liquidity of the partnership While these assets that they plan to contribute on formation will help the partnership begin its operations, the partnership will need additional assets to continue to operate. The partners plan to borrow money to help acquire these assets, but they are wondering what the implications of borrowing this money will be. They have come to us, as their tax advisors, for an explanation of the implications