Which of the following is true about successful partnerships:

Social Studies

1 answer:

IRINA_888 [86]3 years ago

8 0

Answer:

Option D: Reports, memorandums, and newsletters are the best ways to establish and maintain communication within a partnership.

Explanation:

Partnership

This is simply known as a form of agreement between two or more individuals with the sole intent to carry on business as co-owners. The partners both have right to share control and profits. Agreement in partnership can be express or implied.

The Uniform Partnership Act

This is an act that oversees all the operations of partnerships when there is no express agreement. they see partnership as an association of two or more persons simply conducting business as co-owners for profit.

When Does a Partnership exist

1) Share profits or losses

2) A joint ownership of the business

3) Equal right to be involved in management etc,

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