Articles of partnership are required by many states for businesses that have two or more co-owners.The issues covered usually include all of the following except
A) a statement of what each partner contributes.
B) how the profits and losses will be divided.
C) what duties the partners will have.
D) provisions for leaving the partnership.
E) classes of stock to be issued.

Question

Quizplus · Accepted Answer

Articles of partnership are legal documents that usually specify the money or assets that each partner has contributed,each partner's role,how the profits and losses will be divided and how a partner may leave the partnership.Stock is not issued in a partnership.

Articles of Partnership Are Required by Many States for Businesses