The mere fact that an enterprise is described as a partnership is not controlling or binding regarding its true business form.

Question

Quizplus · Accepted Answer

The use of the term "partnership" in a business name or description does not necessarily mean that the business is legally structured as a partnership. The true form of a business entity is determined by its legal structure and the filing of appropriate documents with the relevant authorities.

The Mere Fact That an Enterprise Is Described as a Partnership