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What personal liability will the owners have for the obligations of the business (contracts, debts, lawsuit judgments, etc.) Should Paul be included as a co-owner,
- What personal liability will the owners have for the obligations of the business (contracts, debts, lawsuit judgments, etc.)
- Should Paul be included as a co-owner, or in some other role? On what do you base that decision?
- How would contributions to the new business of skills, experience, labor, etc. be valued when determining percentages of ownership?
- How would profits and losses be distributed?
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