Will and Jay want to form a general partnership.To form a legal partnership,their agreement need NOT include

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Including the initials "LLC" in the business name would indicate that the partnership is actually forming a limited liability company, which is a separate legal entity from a general partnership. Therefore, it is not necessary for a partnership agreement to include this detail. However, it is necessary for a partnership agreement to include the sharing of profits and losses, joint ownership of the business, and equal right to management, as these are essential elements of a general partnership.

Will and Jay Want to Form a General Partnership