Asked by Clayton Jarvis on May 19, 2024
Verified
What is a written agreement that creates a partnership called?
A) Articles of incorporation
B) Articles of partnership
C) Articles of organization
D) Partnership prospectus
E) Certificate of partnership
Articles of Partnership
A written agreement between all parties in a partnership that outlines the terms, responsibilities, and profit distribution among the partners.
Partnership
A legal arrangement where two or more persons agree to manage and operate a business and share its profits or losses.
Written Agreement
A formal contract that outlines the terms and conditions of a particular arrangement, documented in writing.
- Identify legal documents required for forming specific business organizations and their legal implications.
Verified Answer
MA
Michelle AllredMay 24, 2024
Final Answer :
B
Explanation :
A written agreement that creates a partnership is called the articles of partnership.
Learning Objectives
- Identify legal documents required for forming specific business organizations and their legal implications.