Asked by
Paula Youmans
on Nov 30, 2024
Verified
Miller and Baker formed a partnership and purchased a cycle shop. The name of the new business cannot be "Miller Cycle Shop" because the name of the partnership must include the names of both partners if it includes the name of one partner.
Partnership Name
The official legal name under which a partnership business operates and is recognized.
Both Partners
In the context of business or law, it refers to the mutual and joint responsibility or involvement of two parties in an agreement or venture.
- Understand the procedural and legal requirements for forming a partnership, including the necessity and implications of written agreements.
Verified Answer
EP
Learning Objectives
- Understand the procedural and legal requirements for forming a partnership, including the necessity and implications of written agreements.
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