Melissa and Claudia are considering becoming business partners and establishing

Melissa and Claudia should consider the amount of capital that each of them will contribute to the business. They should also agree on the responsibilities each of them will be accountable for, how decisions will be made, how profits and losses will be shared, and what should happen if one of them decides to leave the business or if a new partner is invited to join. Forming a partnership agreement before entering into a partnership will help to settle any conflict that may arise and establishes an effective working relationship.

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