Probably the Most Important Reason to Have a Partnership Agreement

Multiple Choice

Probably the most important reason to have a partnership agreement is that ________.

A) it identifies the name of the partnership and protects that name from infringement by others
B) it states the location and the purpose of the business
C) it determines how the partnership and the partners will pay taxes
D) it resolves potential sources of conflict that, if not addressed in advance, could later result in partnership battles and dissolution of an otherwise successful business