General partnerships are legally formed by filing a partnership agreement with the state in which the partnership will be formed.
General partnerships may be formed by written agreement among the partners, called a partnership agreement, or may be formed informally without a written agreement when two or more owners join together in an activity to generate profits.

Question

Quizplus · Accepted Answer

General partnerships are typically formed by an agreement between partners and do not require filing with the state. They can be formed informally without a written agreement.

General Partnerships Are Legally Formed by Filing a Partnership Agreement