Which of the following entities can be formed without a formal agreement?
A) Corporation
B) Limited partnership
C) General partnership
D) Limited liability company

Question

Quizplus · Accepted Answer

A general partnership can be formed without a formal agreement. However, it is highly recommended to have a written partnership agreement in order to establish the rights and responsibilities of each partner, as well as to clarify the terms of the partnership.

Which of the Following Entities Can Be Formed Without a Formal