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Enterprises or EPE was what was formed (sorry didn’t want to phrase it weird like that but you have to have 20 or more characters)
Priscilla Presley and investment manager Jack Snowden formed a Partnership on June 7, 1982, to conduct business and manage the assets of Elvis' estate.
An agreement between two or more people to manage a business's operations and divide its assets and liabilities is known as a partnership.
What is the function of partnership?
A partnership agreement is a legally binding agreement between two or more people or other legal entities with the aim of establishing a business entity.
There must be at least two people present. There must be an understanding. The business must distribute its gains. Mutual agency is required, meaning that all of them must do business on their own behalf or that any one of them may do so.
A partnership is a type of business where two or more persons enter into a legal agreement to be co-owners, share in the organization's profits or losses, and divide the duties for managing it.
All partners in a general partnership corporation split the company's assets and debts equally. Lawyers and other professionals frequently create limited liability partnerships.
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