Abe and Carlos Want to Form a General Partnership

question 57

Multiple Choice

Abe and Carlos want to form a general partnership.What must they do in order to create this legal form of business?

• A)They must get a partnership license from the secretary of state.
• B)They must sign a written agreement and file it with the secretary of state.
• C)They must first orally agree to become partners and then formulate a contract.
• D)They can start a partnership without any formalities.

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Definitions:

Presenting Problem

The initial issue or concern brought by a client to the attention of a professional or service provider.

Tactical Way

A method or strategy planned to achieve a particular goal, usually short-term.

Successful Group

A team or collective of individuals that achieves its objectives or goals through effective collaboration, communication, and leadership.

Subgroup

A smaller group within a larger group, characterized by shared interests or traits.