A partnership agreement should include all but which one of the following?
A) The duties of the partners.
B) The capital contribution of the partners.
C) The agreement for dividing tax liability of the partnership.
D) The division of profits and losses.

Question

Quizplus · Accepted Answer

A partnership agreement typically includes the duties of the partners, capital contributions, and the division of profits and losses. However, tax liability is generally not divided among partners in the agreement, as it is determined by tax laws and regulations.

A Partnership Agreement Should Include All but Which One of the Following