Sydney SoapWorks

We, the undersigned, enter into partnership with the purpose of producing high-quality handcrafted soaps. This contract may be ammended only by unanimous consent of all partners.

  • Managing Partner: the only partner who can purchase supplies from the stockroom, write checks against (or deposits to) the firm checking account. At the end of the semester, the managing partner and the stockroom manager will inventory the firm's assets. Any discrepancies will be charged to the firm. Each week the managing partner must report changes in the checking account to the accounting partner and any soap sold to the recording partner.

  • Accounting Partner: the partner responsible for maintaining the accounts using the GnuCash program. The accounts must be kept current as of 5:00 PM Friday of each week. Otherwise, the firm will be charged a fee for each infraction. The official accounts reside on a USB key in the Chemistry stockroom. The accounting parner updates the files on this key and distributes copies to the other partners.

  • Recording Partner: the partner responsible for maintaining batch records for the materials used by the firm. These records reside in a notebook kept in the Chemistry stockroom. The notebook must be kept current as of 5:00 PM Friday of each week. Otherwise, the firm will be charged a fee for each infraction. The recording partner must report material flows (RM, WIP, FG, COGS) to the accounting partner each week.

Name

Capital

Profit

Signature

Managing Partner

Biff Gunstone

$50

20%

Accounting Partner

Ronald McDaniel

$50

20%

Recording Partner

Cal Cavitch

$50

20%

General Partner

Will Watson

$50

20%

General Partner

Walter Webb

$50

20%