Randy and Mandy Plan to Pool Their Money and Musical

Multiple Choice

Randy and Mandy plan to pool their money and musical talents to form a general partnership and begin booking weekend gigs.One of the first things Randy and Mandy should do is:

A) Seal the deal with at least five night spots where they can book three months worth of gigs.
B) Consult an attorney and put their agreement in writing.
C) Pay the partnership formation fee to their state's commerce commission.
D) File the limited liability paperwork at the court house in the county in which their partnership will be formeD.One problem with a partnership is the potential for disagreements and misunderstandings among the partners.Consulting an attorney and getting the agreement in writing helps minimize the risk of such problems.