Which of the following factors is not required to qualify a business as a partnership?

Question

Quizplus · Accepted Answer

While equal investments of effort and capital may be commonly associated with partnerships, it is not a legal requirement for a business to qualify as a partnership. The other factors listed (association of two or more persons, carrying on a business, co-ownership of the business, sharing of profits) are all necessary elements for a business to be classified as a partnership.

Which of the Following Factors Is Not Required to Qualify