Is a limited partnership more likely or less likely to have a partnership agreement than a general partnership?
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Q: Discuss three advantages and three disadvantages of partnership organizations
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- Assume that you and some of your classmates will form a partnership of some type for the sole purpose of investing in real estate. You meet at your favorite restaurant and draft an informal agreement that will be the starting point of your new entity. Write that agreement. What would be your role relative to your partners?What is the The Value of Partnerships?Why wouldnt you want to choose other business entity types besides LLC , Limited liability company?