Question

Anisa Smith and Danielle Johnson decide to go into business together. They start by writing an agreement listing and explaining the terms of the business they will both own, along with each of their responsibilities. Anisa and Danielle created a(n):_______.
A. articles of partnership.
B. master limited partnership agreement.
C. licensing agreement.
D. corporate charter.
E. division of partnership agreement.

Answer 1

Answer:A. articles of partnership.

Explanation:Articles of partnership is a contract that forms an agreement among business partners to pool labor and capital and share in profit, loss, and liability. Such a document acts as a rule book for limited partnerships by outlining all the conditions under which parties enter into a partnership.

Articles of partnership are included in a formal agreement between the participants in a business entity who want to combine their capital and labor.