The Formulation Of A Partnership: Read the Blumberg v. Ambrose case that begins on page 597 of the text (Chapter 17). Respond to the following questions: If an LLC was created, how is this case about the formulation of a partnership?
What are the indications that there was a partnership created?
Miscommunication is often the basis for litigation – what should the parties have done in this case?
How do you define a partnership?
What should you do before engaging in a business operation with another individual?
What list of lessons could you develop for two people who are starting a business based on what happened in this case?
Post a substantive response to the question (minimum 300 words).
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