AMA:

• Ama cannot use the car as her contribution to capital whilst it is still in the name of her father.
• She must convince her father to transfer ownership/title of the car to her first.
• Failure of ownership transfer of the car by her father, she can look for other sources of funding/financing e.g. loans for her partnership contribution.
• She can opt to be a paid/salaried staff of the firm instead of being a partner.
• She and her father, Mr. Addo, can start their own partnership upon his retirement—partnership requires two or more individuals. She need not necessarily be with Dela and John.

DELA/JOHN:

• They can form their own partnership without Ama if they are unable to resolve the issue of Ama’s capital contribution and her father’s involvement in the firm.
• GH¢30,000 contribution by each is enough to form a firm—actual cash flow/working capital requirement depends on operations.
• The Toyota Siena must be valued by a professional independent valuer if Ama secures it from her father as her initial capital contribution.
• Any loan secured by Ama must be in her individual name (not in the partnership name) to avoid a liability by the firm.
• The partnership agreement must clearly state the rights and obligations of partners to avoid future controversy e.g. right of management and control, profit sharing ratio etc.
• Ama must not hold herself out or act in any way as partner to encumber the firm if she becomes a salaried staff.

MR. ADDO:

• His age or ‘old-school’ is not a limitation of being a partner.
• His ownership of the car cannot be used as a coercive instrument to be a partner—he can willingly transfer the car to the daughter by gift/sales or the two can form their own firm.
• The car, upon transfer to Ama/firm, becomes partnership asset and his title is extinguished.
• He becomes a partner upon consensus/agreement by Ama, Dela, and John.
• He must observe and avoid any conflict of interest/self-dealings between the Partnership (if formed with him, Ama, or both) and Zenith Energy Limited.