Creation of Partnerships Flashcards Preview

Partnerships > Creation of Partnerships > Flashcards

Flashcards in Creation of Partnerships Deck (3)
Loading flashcards...
1

General partnership

Two or more persons who associate to carry on a business for profit

2

Joint venture

An association contemplating a single transaction or series of transactions

3

Primary factors to consider in implied partnership

Sharing of profits and power to control the business