Mr. Johns, Mr. Klien, and Ms. Langley are all Chartered Professional Accountants who trained in large national firms. However, for the last few years they have each operated a small private practice. They are currently discussing the possibility of forming a partnership to combine their practices. List four major points to be considered in the formation of such a partnership and in drawing up a partnership agreement.

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The Answer of Mr. Johns, Mr. Klien, and Ms. Langley are all Chartered Professional Accountants who trained in large national firms. However, for the last few years they have each operated a small private practice. They are currently discussing the possibility of forming a partnership to combine their practices. List four major points to be considered in the formation of such a partnership and in drawing up a partnership agreement.

Mr Johns, Mr