To make certain that each partner fully understands how a particular partnership will operate in the future,partners should draw up the:
A) articles of liability
B) written partnership agreement
C) articles of incorporation
D) articles of partnership

Question

Quizplus · Accepted Answer

A written partnership agreement is a legal document that outlines the terms and conditions of a partnership. It covers aspects such as profit sharing, decision-making, responsibilities, and liabilities. This agreement is essential in ensuring that every partner is on the same page, and it helps prevent misunderstandings and disputes that may arise in the future. Articles of liability, articles of incorporation, and articles of partnership are not the appropriate documents to outline the operations in a partnership.

To Make Certain That Each Partner Fully Understands How a Particular