Business
athenaaxo
15

Articles of partnership is an act ordering common ownership interests, profit and loss sharing, and shared management responsibilities in a partnership.

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JamieJamieJamie

False.  Articles of partnership IS NOT AN ACT ordering common ownership interests, profit and loss sharing, and shared management responsibilities in a partnership. Articles of partnership is a voluntary written contract between the partners. It contains the information about the partners capital, labor, and skills that they will be contributing to the business as partners. It also outlines how the profit and loss will be divided among the partners.  

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