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Rowan and Vanessa Plan to Pool Their Money and Talents

Question 16

Multiple Choice

Rowan and Vanessa plan to pool their money and talents to form a general partnership and start a music school. One of the first things Rowan and Vanessa should do is


A) seal the deal with at least five clubs where they can book three months' worth of gigs.
B) consult an attorney and put their agreement in writing.
C) pay the partnership formation fee to their state's commerce commission.
D) file the limited liability paperwork at the courthouse in the county in which their partnership will be formed.

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