Whenever two or more people wish to own a business together, they enter into a formal agreement called the:
A) articles of confederation.
B) articles of incorporation.
C) articles of partnership.
D) articles of association.
E) articles of integration.

Question

Quizplus · Accepted Answer

Whenever two or more people wish to own a business together, a partnership is a possible organizational form. Partners should never rely on implied agreements. Rather, their agreement should be explicitly stated among the parties and drafted into a formal document. The formal agreement is called the articles of partnership.

Whenever Two or More People Wish to Own a Business