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While the lack of formality may be viewed as an advantage of a partnership over a corporation, it is still necessary to plan for various
While the lack of formality may be viewed as an advantage of a partnership over a corporation, it is still necessary to plan for various factors affecting the partnership. Therefore, it is advisable for the partners to develop a written partnership agreement or articles of partnership. 1) List seven provisions that should be included in the articles of partnership besides the partnership name and address, the names of the partners and the effective date of the partnership. 2) Discuss why the articles of partnership are important
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