Abe and Carlos want to form a general partnership.What must they do in order to create this legal form of business?
A)They must get a partnership license from the secretary of state.
B)They must sign a written agreement and file it with the secretary of state.
C)They must first orally agree to become partners and then formulate a contract.
D)They can start a partnership without any formalities.

Question

Quizplus · Accepted Answer

No formalities are necessary to create a partnership.Two or more persons may become partners in accordance with a written partnership agreement (articles of partnership),they may agree orally to be partners,or they may become partners merely by arranging their affairs as if they were partners.

Abe and Carlos Want to Form a General Partnership