Which of the following statements best describes how a partnership comes into existence?
A) The partners must sign a written partnership agreement.
B) The partners must register the partnership.
C) Two or more people carry on business together with a view to profit.
D) Two or more people purchase property together.

Question

Quizplus · Accepted Answer

A partnership is formed when two or more people carry on a business together with the intention of making a profit, regardless of whether there is a written agreement or registration.

Which of the Following Statements Best Describes How a Partnership