Ask Question
31 May, 17:11

Linda and Chet decide to start their own landscaping business. Their state requires them to draw up an agreement listing how much money they contributed, their management roles or duties, how their profits and losses will be divided, how they may leave the partnership, and any other restrictions that might apply to their agreement. What type of agreement is this?

(A) Articles of partnership

(B) a corporate charter

(C) articles of incorporation

(D) codes of conduct

(E) a partnership capital statement

+3
Answers (1)
  1. 31 May, 17:45
    0
    The correct answer is letter "A": Articles of partnership.

    Explanation:

    The Articles of partnership is a legal document requested when forming a Limited Liability Partnership (LLP) where the partners' contribution, functions, percentage of ownership of the partnership, liabilities, distribution of profits and losses, and means of dissolution are specified.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Linda and Chet decide to start their own landscaping business. Their state requires them to draw up an agreement listing how much money ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers