Accounting, Partnership and Advantages of General Partnership (Essay Sample)

Accounting
Student’s Name
Professor’s Name
Course Title
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Institutional Affiliation
* Accounting
Starting a business is more often a challenge to many individuals who wish to be self-dependent in their business. To make a business run effectively you need to have a market plan on how to run the business and implement it. For instance, Donna Rinaldi, Rich Evans and Tammy Booth are fully convinced to operate their own a health club. This decision has been meet upon them realizing the business gap in the health sector in Sedona specifically for the people aged above the age of fifty years and above (Kieso, Weygandt & Terry, 2016).
* Partnership
Partnership is a business which is formed by two or more partners who come together to carry out business as co-owners, each of whom will invest in the business. In this case if Donna Rinaldi, Rich Evans, and Tammy Booth decide to open up in partnership business they will consider the basic types of business in partnership.