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What steps should have been taken before money changed hands? - Is an LLC the best option? Some form of partnership? Other options? Explain your

What steps should have been taken before money changed hands?
- Is an LLC the best option? Some form of partnership? Other options? Explain your
choice thoroughly.
- While the friends each initially contributed cash, how should they value the non-cash contributions of time and labor in determining ownership shares, distribution of profits, etc.?
- Was an operating or partnership agreement necessary? What should have been included

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Before money changes hands in a business venture there are several important steps that should be taken to ensure clarity protection and smooth operation of the business 1 Business Plan Develop a deta... blur-text-image

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