Which of the following is a characteristic of a partnership?
A)pays corporate taxes
B)listed in a stock exchange
C)organized as a corporation
D)a written agreement

Question

Quizplus · Accepted Answer

A written agreement is a necessary characteristic of a partnership as it outlines the terms and conditions of the partnership, including the roles and responsibilities of each partner, decision-making processes, profit-sharing arrangements, and more. The other choices are not characteristics of a partnership; partnerships are not taxed as corporations and are not listed in a stock exchange, and while a partnership may be organized as a corporation, this is not a defining characteristic of a partnership.

Which of the Following Is a Characteristic of a Partnership