When writing code, what is more important and why: performance, readability, or maintainability.
Maintainability of code is the most important aspect of writing code. In a general lifecycle of an application, there may be many people who will be responsible for maintaining the application. Readability is important, but only if the application is easy to maintain. Ability to understand the code and not be able to maintain the application, makes it harder for future enhancements and changes. Performance is the least important aspect of well written code. Performance is optimized by the compiler. Changing code to make it perform 1 milliseconds faster at the cost of maintainability has a very low return on investment.
List some of the advantages of a Buy-Sell agreement.
The agreement controls how the owners of a business can sell their interests in the business, who they can sell to, when they can sell, and for how much they can sell their interest in the business. Furthermore, a good buy-sell agreement addresses the issue of an owner who files for bankruptcy, the agreement can prevent the business from being pulled into the bankruptcy court. Buy-sell agreement dictates how the divorced spouses settles with the business and how their share is returned to the business and the remaining business’s owners.
What is the main difference between a Partnership business structure and Limited Liability Partnership organization structure.
In a General Partnership all partners are responsible for debt incurred by the business. While in Limited Liability Partnership only the managing partners are liable for business debt and limited partners are not liable for business debt.