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Would You Advise Dulip to Convert His Business into a Partnership Form

Would You Advise Dulip to Convert His Business into a Partnership Form

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let's imagine that an entrepreneur comes to you and says hey I would like to develop this app for the iPhone it's a cool app will provide a lot of value to people you decide to invest twenty thousand dollars into the development of this app and the entrepreneur puts it together it's got great features it's really cool a lot of iPhone users download it and that app is used by a lot of people but let's assume there's a data breach as a result somebody's able to download all sorts of private and confidential user information you violated various privacy laws and so now let's just hypothetically say there's a lawsuit due to all the damages that have resulted there and you say well you know what I'm just a partner I invested 20 grand I guess my 20 grand is done of course your 20 grand is at risk but in a partnership everything you own is also at risk

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