Description
Zach and Tasia operate YELLOW GOODS, a distributor of Swiss cheese. Zach is responsible for marketing and buying inventory. Tasia is responsible for hiring, accounting, and other administrative duties. Zach and Tasia, however, split all other management responsibilities equally. Tasia is entitled to 50% of the profits. Zach is entitled to a salary of $135,000 per year. His salary is drawn from the profits, but he is not entitled to a percentage of profits or any funds beyond his $135,000. I. The presentation of your paper shall adhere to the following structure:
a. Issue – Identify the issue(s)
b. Rule – Identify and explain/define the applicable rule, term, or concept
c. Analysis – Apply the applicable rule, term, or concept to the facts. And, present arguments for both sides.
d. Conclusion – Pick one side and give a conclusion II. Formatting rules a. Times new roman 12 Point font
b. Double spaced c. End justify (both right and left)
d. Include page numbers e. 0.75 inch page margins all around
f. Header should take up no more than two lines and should include your name, student id, class, and assignment name g. Case should be no more than three pages, no less than one
h. References – APA format (should have its own page)
Explanation & Answer
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Running Head: SWISS CHEESE PARTNERSHIP
Swiss cheese Partnership
Name
Course
Tutor
Date
1
SWISS CHEESE PARTNERSHIP
2
Swiss cheese Partnership
Issues in the Venture
A partnership entails a formal arrangement where partners arrive at a common decision to
do business and achieve their common interests. Conversely there exists acts that limit the
activities of the partners while at the same time providing a framework that ought to be followed
in their endeavor. In like manner, Zack and Tasia have joined forces to realize the goals of Swiss
Cheese. However, according to the decree provided on partnership ventures, the two individuals
are way far from abiding by the acts. This article analyzes the issues, applicable rules as well as a
rationale for the conclusion.
The challenges realized in a partnership are mediated until a common solution is
achieved. However, the negotiation has to abide by the acts presented by the const itution
regarding the same (Gelmon, 2015). For instance, no partner is entitled to salary instead, the
profits and losses are equally shared. In this case, the two have divided the responsibilities
among themselves in an equal ratio. Conversely, Zack has a remuneration where...
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