139k views
4 votes
When partners own different portions of the business, the terms should be stated clearly in what document?

The articles of incorporation


The executive summary


The business summary


The partnership agreement

User Paolov
by
6.2k points

2 Answers

7 votes
the partnership agreement the answer is in the question
User Tom Kidd
by
6.1k points
5 votes

The answer is the partnership agreement.

You would not have articles of incorporation because this is not a corporation but a partnership.

The executive summary is just a brief outline of what is to come in the document it is attached to.

The business summary would not contain this information.

the only logical answer is the partnership agreement that will list how much equity each partner is to have in the company moving forward.

User Greg
by
5.6k points