Which of these would not normally be referred to in a partnership agreement?
A) Profit and loss sharing ratios
B) Arrangements to terminate the partnership
C) Procedures to follow in the event of a dispute
D) How GST is calculated

Question

Quizplus · Accepted Answer

How GST is calculated is a tax-related issue that would typically not be included in a partnership agreement. The other options—profit and loss sharing ratios, arrangements to terminate the partnership, and procedures to follow in the event of a dispute—are all common topics addressed in partnership agreements.

Which of These Would Not Normally Be Referred to in a Partnership