Question

William, Irene, Jason, Barbara, and Immunographics, Inc. form a partnership for the purposes of developing designs for medical products. This partnership is

a. invalid because a partnership cannot have more than three members
b. valid because corporations can be a partner in a partnership
c. invalid because corporations cannot be a partner in a partnership

Answer 1

Valid because corporations can be a partner in a partnership

Step-by-step explanation:

A corporation can become a partner in a partnership, because a corporation can do most of the same things as an individual. Corporations, like individuals, can own property and enter into contracts, both things that are necessary to become a partner in a business. Having a corporation as a partner may be advantageous under certain circumstances because corporations have more legal and financial protections for those who run them.