Which of the following is NOT a basic feature required to create a partnership?
A)One of the partners must be an individual.
B)There must be two or more persons involved.
C)The persons must be carrying on a business.
D)The business must be carried on with an expectation of a profit.

Question

Quizplus · Accepted Answer

While it is common for partnerships to have at least one individual partner, it is not a requirement. Corporations and other legally recognized entities can also be partners in a partnership.

Which of the Following Is NOT a Basic Feature Required