A partnership can be formed only for legal business
Answers
Answered by
14
Answer:
A partnership is a business form created automatically when two or more persons engage in a business enterprise for profit. Consider the following language from the Uniform Partnership Act: "The association of two or more persons to carry on as co-owners of a business for profit forms a partnership, whether or not the persons intend to form a partnership." A partnership--in its various forms--offers its multiple owners flexibility and relative simplicity of organization and operation. In limited partnerships and limited liability partnerships, a partnership can even offer a degree of liability protection.
Answered by
2
Answer:
no it is not necessary partnership only formed only for legal business
Explanation:
please mark me as brainlist answer
Similar questions