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Able, a qualified electrician, has been employed by an electrical contractor for a number of years and enjoys the work. He is now considering the possibility of starting out
Using the information in this chapter, what advice might the lawyer give to Able?
This is an answer, but it is too short. Please, add some information
The lawyer may advice Able as follows
Have a written partnership agreement. This will help him in case of retirement, bankruptcy or death of one of the partners.
He should also follow accounting procedures and keep communication flow clear to avoid losing money to his partner or due to partnership.
They should also have terms in the agreement for the purpose of limiting the liability to un expected debts.
(Note:
Book: Fundamentals of Canadian Business Law, Second Edition Paperback by John A Willes, John H Willes
https://onedrive.live.com/redir?resid=C84C89BD7A524270!7930&authkey=!AKBgKScNc945F1M&ithint=file%2cpdf )
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