Van starts Wind Systems to make and sell turbines. Later, Van contracts with Xi to invest additional capital in the firm in exchange for 25 percent of the profits. Vaughn and Xi are not partners in Wind Systems because Group of answer choices Van started the firm before Xi agreed to invest additional capital. Their agreement does not provide for the sharing of losses. They do not share the profits equally. They do not have joint control over the business

Question

07-03-2022
Mathematics

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Van starts Wind Systems to make and sell turbines. Later, Van contracts with Xi to invest additional capital in the firm in exchange for 25 percent of the profits. Vaughn and Xi are not partners in Wind Systems because Group of answer choices Van started the firm before Xi agreed to invest additional capital. Their agreement does not provide for the sharing of losses. They do not share the profits equally. They do not have joint control over the business

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ewomazinoade ewomazinoade · Answer 1 · 2022-03-18T12:19:02+01:00

Vaughn and Xi are not partners in Wind Systems because they do not have joint control over the business.

Who is a partner in a business?

A partner is a person who shares in the profit and loss of a business. A partner is also involved in the running of the business.

A partner is sometimes needed because one person might not have the knowledge and know how of running a business. Also, a partner might be needed to raise enough capital for the business.

To learn more about partners, please check: https://brainly.com/question/22693552