Result of the changeover, 1. Joe is a solicitor employed by

Result of the changeover

Assignment Help Accounting Basics

Reference no: EM13969449

1. Joe is a solicitor employed by Bloggs & Co. There are two partners, Harry and Ian. Ian is intending to retire and it has been decided that Joe should replace Ian as a partner, with Harry carrying on as a partner.

Explain to each of Joe, Harry and Ian what steps each should take to protect himself as a result of the changeover.

2. Cliff has been asked by his friends, Don and Eric, to help them set up an antiques business. Don and Eric want Cliff to lend them £5,000 and they say they will give Cliff one-third of the profits instead of interest on the loan.

What are the dangers to Cliff in such an arrangement and how can he overcome them?

Reference no: EM13969449

Questions Cloud

Describes which approach to bureaucratic control : Your manager is speaking to a group of employees about a problem in your department. Describes which approach to bureaucratic control?

Partnership secretary in the firm of jones : You have been appointed as partnership secretary in the firm of Jones, James & Pitt, Chartered Account- ants. The partnership articles appear on pp 145 - 49. The following problems emerge over a number of partners' meetings:

Breaches of our partnership agreement : In consequence of your breaches of our partnership agreement we Arnold and Bill propose to exclude you Cuthbert from the partnership. What is the legal effect of this notice?

What role will cryptography play during the election process : 2016 is an election year in the United States. What role will cryptography play during the election process? Think about secure one-to-one communication, multi-party communication, multiparty computation etc. All posts must be at least 125 words l..

Result of the changeover : 1. Joe is a solicitor employed by Bloggs & Co. There are two partners, Harry and Ian. Ian is intending to retire and it has been decided that Joe should replace Ian as a partner, with Harry carrying on as a partner. Explain to each of Joe, Harry a..

Describes four key paving stones on the road to success : The final section in chapter 5 describes four key paving stones on the road to success. Evaluate your strengths and weaknesses for each of these dimensions

Describe and draw the interior of the earth : Describe and draw the interior of the Earth (crust, mantle, core, etc), labelling them with their respective densities, temperatures, thicknesses, contents, distance from the surface, etc

Determining the county council supplies : 1. Your friend, Fred, intends to go into business on his own as a timber merchant under the name of 'County Council Supplies'. What could happen to Fred if he does this?

Write concept - array-based queue implementation : write 150 words in length about this concept "Array-Based Queue implementation", give example if needed

User Account

All Pages