Your progress and advancement in business have provided you with an opportunity to develop your company. You are very ea

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Your progress and advancement in business have provided you with
an opportunity to develop your company. You are very eager about
this possibility, and you begin to review some of the potential
legal structures (such as sole proprietorship, limited liability
company, or corporation) that the new organization may utilize. A
partnership seems to be an excellent option, especially because you
are aware of others who may be interested in developing and/or
supporting this venture.
As you begin your research, you recall the distinctions between
limited and general partnerships. You decide to prepare an
executive summary about the duties and the responsibilities of
each, addressing both legal and ethical perspectives. You are
writing this content now with the expectation that it may be shared
with future investors and/or potential partners. If a partnership
is pursued, the information may also be relevant in designing a
partnership agreement.
Instructions
Write a 3-4-page brief proposal that addresses the
following: