Which of the following is not a disclosure that should be part of a partnership agreement?
A) The way profits will be divided among partners.
B) The list of personal assets of each partner.
C) The specific responsibilities of each partner.
D) The salaries and drawing accounts of each partner.

Question

Quizplus · Accepted Answer

The list of personal assets of each partner is not necessary to include in a partnership agreement as it does not directly affect the operations of the partnership or the relationships between partners. The other options listed are important disclosures that should be included in a partnership agreement.

Which of the Following Is Not a Disclosure That Should