Question

which on of the following is not essential features of a partnership?
a. there must be an agreement
b. there must be a business
c. the business must be carried on for profit
d. the business must be carried on by all the partners

Answer 1

Answer:

Which one of the following is NOT an essential feature of a partnership?1 ... It is not mandatory for any partnership to get registered since small business find it costly to register themselves. And separate legal entity is not possible with a partnership because the business and the owner are same in this case.

Answer 2

$\huge\mathcal{\fcolorbox{aqua}{azure}{\red{☆QUESTION☆}}}$

which on of the following is not essential features of a partnership?

a. there must be an agreement

b. there must be a business

c. the business must be carried on for profit

d. the business must be carried on by all the partners

$\huge\mathcal{\fcolorbox{aqua}{azure}{\red{☆ANSWER☆}}}$

It is not mandatory for any partnership to get registered since small business find it costly to register themselves. And separate legal entity is not possible with a partnership because the business and the owner are same in this case.