Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Abe and Carlos want to form a general partnership. What must they do in order to create this legal form of business?
They must first orally agree to become partners and then formulate a contract.
They must get a partnership license from the secretary of state.
They can start a partnership without any formalities.
They must sign a written agreement and file it with the secretary of state.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Wildlife Habitat Management

Authors: Roel R. Lopez, Michael L. Morrison, Israel D. Parker

1st Edition

9781623495022

More Books

Students also viewed these General Management questions