All of the following are requirements of a partnership except
A) formation by two or more persons.
B) express agreement.
C) formation to carry on a business.
D) operation for profit.
Correct Answer:
Verified
Q22: If a partner decides to start a
Q23: For federal income tax purposes, partnerships
A) file
Q24: The written agreement that creates a partnership
Q25: One of the advantages of the partnership
Q26: A partnership agreement must be in writing
Q28: A partner who has an equal voice
Q29: A limited partnership is dissolved
A) when its
Q30: Two or more companies joining together to
Q31: A limited partnership requires
A) statutory permission.
B) at
Q32: A limited partnership is similar to a
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