You Are About to Form a Partnership

Multiple Choice

You are about to form a partnership. You want to make a partnership agreement which will protect your interests in the event that your partner decides to retire. Which of the following is TRUE?

A) Your agreement should have a buy-sell clause in it.
B) Your agreement should contain a method for determining the value of the business.
C) Your agreement should provide for your partner's shares to be appraised in the event of your making an offer for them.
D) Both A and B
E) All of the above