Jerry and Benny devised a formula and process for producing extraordinarily good ice cream. Jerry and Benny decided to market their product, "Texas's Best Ice Cream," and divide the profits 60% to Jen, 40% to Benny. Benny and Jerry had no oral or written partnership agreement. Jerry and Benny:

A)would divide losses equally, should losses occur in the future.

B)will be deemed a partnership in most legal respects.

C)must enter into a written agreement should the business last more than one year.

D)need not pay Social Security taxes or Self Employment taxes since they are not incorporated.