Probably the most important feature of a partnership agreement is:
A)that it identifies the name of the partnership.
B)that it states the purpose and location of the business.
C)that it determines how the partnership will pay taxes and fees.
D)that it resolves potential sources of conflict.

Question

Quizplus · Accepted Answer

The most important feature of a partnership agreement is that it resolves potential sources of conflict. A partnership involves two or more individuals sharing responsibility and decision making for a business, which can lead to disagreements. A well-written partnership agreement can outline how to handle disputes, determine the roles and responsibilities of each partner, and establish a plan for the dissolution of the partnership if necessary. While the other options are important, they are not the most crucial aspect of a partnership agreement.

Probably the Most Important Feature of a Partnership Agreement Is