Keisha and Wasim decide to go into business together. They start by writing an agreement explaining the terms of the business they will both own, along with each of their responsibilities. Which of the following have Keisha and Wasim created?
A) articles of partnership
B) business licence
C) licensing agreement
D) corporate charter

Question

Quizplus · Accepted Answer

The articles of partnership is a written agreement that explains the terms of a business owned by two or more partners, including each partner's responsibilities. This is exactly what Keisha and Wasim have created by writing an agreement outlining the terms of their business venture. A business license is a permit issued by a government agency allowing a business to operate. A licensing agreement is a legal document in which the owner of a product or idea allows someone else to use it for a fee or royalty. A corporate charter is a legal document that establishes a corporation and outlines its structure and purpose.

Keisha and Wasim Decide to Go into Business Together