Name of the Business: Food and Buffet to the max.
The purpose of joining our businesses would be to attract more customers in our restaurant/Buffet. This merge will benefit both our businesses by having two things at one place. During regular hours it will be a restaurant, and at lunch time it turns into a buffet.
This business agreement Is for a year. If all goes well with this merge then we will further the agreement to 10 years.
Both partners of this business are General.
Since we are both general partners we will split the costs equal. Employees will be paid every two weeks if they are under 18, and every week if they are over 18. All employees get paid minimum wage, unless you have worked there for a good amount of time.
We will split the profits and losses equally.
For our salaries, any money that is left over after paying employee and equipment fees, we split 50/50.
If a partner happens to die then the other partner will have complete control of the business until further notice. They then will have the option to find another partner to help run the business.
The way we will handle business disagreement will be by working at it until its beneficial for both partners.
Both partners are responsible for keeping up with their part of the work. I Troy will handle the Buffet and Max will take care of the restaurant.
