Discussion- Partnership Breakup Here is an example of a partnership gone wrong.

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Discussion- Partnership Breakup Here is an example of a partnership gone wrong.

Discussion- Partnership Breakup Here is an example of a partnership gone wrong. Company: Reliance Industries. The breakup: There isn’t a person in India who doesn’t know the Ambani name. The Ambani brothers, Mukesh and Anil, became business partners when their father, Dhirubhai Ambani, passed them India’s largest private sector company in 2000. The Ambani brothers could have used their family tie to cooperatively run the business empire; instead, they fought over how to run it and ended up dividing the company into Reliance Industries and Reliance Natural Resources. The peak of the conflict occurred in 2005. In a memorandum, Mukesh agreed to produce natural gas for Anil at $2.34 per million metric British thermal units. The Indian government then mandated a price of $4.20 per million metric BTU, and Mukesh decided to demand the higher price. Balking at the higher gas price, Anil fought back, taking his brother to court over what he saw as an attempt to renege on the family agreement. What would your advice be if you were a CPA representing the partnership (not individual partners)? Please post your initial response by 23:59 EST Wednesday of Week 5, and comment on the posts of two classmates by 23:59 EST Sunday.

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