Herbert Lemon, Greg Clarkson, Adrienne Boysen, and five other marketing professionals decide to…

Herbert Lemon, Greg Clarkson, Adrienne Boysen, and five other marketing professionals decide to create a marketing consulting partnership. They expect the business will add partners from time to time, and they also know that it is likely one of the original partners will retire before the partnership is dissolved. They want to ensure that no partner entering the partnership is liable for obligations of the business that were incurred prior to the partner’s entering the partnership. They also want to ensure that no partner leaving the partnership is liable for any obligation of the partnership that was incurred after she leaves. What should they do?

 

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