Asked by Clayton Jarvis on May 19, 2024

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What is a written agreement that creates a partnership called?

A) Articles of incorporation
B) Articles of partnership
C) Articles of organization
D) Partnership prospectus
E) Certificate of partnership

Articles of Partnership

A written agreement between all parties in a partnership that outlines the terms, responsibilities, and profit distribution among the partners.

Partnership

A legal arrangement where two or more persons agree to manage and operate a business and share its profits or losses.

Written Agreement

A formal contract that outlines the terms and conditions of a particular arrangement, documented in writing.

  • Identify legal documents required for forming specific business organizations and their legal implications.
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MA
Michelle AllredMay 24, 2024
Final Answer :
B
Explanation :
A written agreement that creates a partnership is called the articles of partnership.