[amp_mcq option1=”Certificate of incorporation” option2=”Memorandum of Association” option3=”Certificate of Formation of Firm” option4=”Partnership Deed” correct=”option4″]
The correct answer is: D. Partnership Deed
A partnership deed is a written agreement between the partners to form a partnership. It is a legally binding document that outlines the rights and responsibilities of each partner. The partnership deed should include the following information:
- The names and addresses of the partners
- The purpose of the partnership
- The contributions of each partner
- The division of profits and losses
- The management of the partnership
- The termination of the partnership
A partnership deed is not required by law, but it is a good idea to have one in place to protect the interests of all parties involved.
A certificate of incorporation is a document that is issued by the state in which a corporation is formed. It states that the corporation has been legally formed and is authorized to do business.
A memorandum of association is a document that is filed with the state when a corporation is formed. It contains information about the corporation’s name, purpose, and structure.
A certificate of formation of firm is a document that is filed with the state when a partnership is formed. It contains information about the partnership’s name, purpose, and partners.