Which of the following is a criterion for a general partnership?

Question

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Co-ownership is a criterion for a general partnership, as it implies that two or more individuals are jointly owning and managing a business with a view to profit. Nonprofit motive (A) is not a criterion for a general partnership, as partnerships are typically organized for profit. Involuntary association (B) is not a criterion for a general partnership, as partnerships are formed voluntarily by the partners. Nonparticipatory nature (C) is not a criterion for a general partnership, as all partners are expected to participate in the management of the business.

Which of the Following Is a Criterion for a General