Jackie, Jennifer and Jesse are active members of a Texas general partnership called “Swim City”….

Jackie, Jennifer and Jesse are active members of a Texas general partnership called "Swim City". The Houston-based partnership manufactures, sells and installs outdoor swimming pools in the states of Louisiana and Texas. The partners want to continue to be active in the management and to expand the business into other states as well. They need additional money to expand their business and would like to bring in more partners who would make capital contributions to the business. At some point, they would like to "go public" and become a publicly traded company. They are also concerned about relatively large recent judgments entered against swimming pool companies throughout the United States. Based upon these facts, discuss whether the partners should change from a partnership to another form of business organization. If you believe they should change, what type of business organization should they change to and why? If you do not believe they should change, why not?

 

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