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Two brothers and a friend are in the process of starting an
information technology services company. Each of the prospective
partners has relevant experience and knowledge. The company will offer
network and hardware support as well as selling software and hardware
products.
Please discuss at a minimum the following issues that should be considered in the planning and formation process:
Discuss
key legal and tax considerations in planning the formation of a
partnership and or LLC. Be sure to acknowledge interrelated connections
between law and tax and their effects on each other.
Offe important agreement terms and conditions that should be covered
by any formal formation document such as a partnership agreement.
