Keisha Cook and Donnie Blackman decide to go into business together. They start by writing an agreement listing and explaining the terms of the business they will both own, along with each of their responsibilities. Keisha and Donnie created a(n)
A) articles of partnership.
B) master limited partnership agreement.
C) licensing agreement.
D) corporate charter.
E) division of partnership agreement.

Question

Quizplus · Accepted Answer

Keisha Cook and Donnie Blackman created an articles of partnership, which is a legal agreement between partners that outlines the terms and conditions of a business. This is a common type of partnership agreement for small businesses. The other options (B, C, D, E) are not applicable as they refer to different types of agreements or business structures.

Keisha Cook and Donnie Blackman Decide to Go into Business