A partnership is an unincorporated association of two or more individuals to carry on a business for profit. Many small businesses, including retail, service, and professional practitioners, are organized as partnerships.
A partnership agreement may be oral or written. However, to avoid misunderstandings, the partnership agreement should be in writing. The agreement should identify the partners; their respective business‐related duties and responsibilities; how income will be shared; the criteria for additional investments and withdrawals; and the guidelines for adding partners, the withdrawal of a partner, and liquidation of the partnership. For income tax purposes, the partnership files an information return only. Each partner shares in the net income or loss of the partnership and includes this amount on his/her own tax return.
Answer:
Village societies domesticated plants and animals, but hunter-gatherer societies did not. Village societies could interact with other societies, but hunter-gatherer societies could not. Village societies used the labor of hunter-gatherers, but hunter-gatherers did not hire villagers.
Explanation:
Three benefits of the plow are greater possible yields, the use of residue of the remaining crops as fertilizer and a reduced amount of weeds. The correct options among all the options that are given in the question are the first, second and the penultimate option. I hope that the answer has come to your great help.
