Anisa Smith and Danielle Johnson decide to go into business together.They start by writing an agreement listing and explaining the terms of the business they will both own,along with each of their responsibilities.Anisa and Danielle created a(n)
A) articles of partnership.
B) master limited partnership agreement.
C) licensing agreement.
D) corporate charter.
E) division of partnership agreement.

Question

Quizplus · Accepted Answer

Anisa Smith and Danielle Johnson created a partnership agreement, which is also known as the articles of partnership. This document outlines the terms of the partnership including each partner's responsibilities, ownership share, profit and loss sharing, decision-making authority, and more.

Anisa Smith and Danielle Johnson Decide to Go into Business