Partnerships Flashcards
1
Q
What is a business partnership
A
A Partnership business is a legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners
2
Q
What is the business owner going to look for in your business
A
An investment
3
Q
4 keys things that could happen with business partners
A
distributions, profits, compensation, and losses.
4
Q
What is the minimum number of business partners
A
2
5
Q
What is the maximum number of business partners
A
Infinity
