Question

Jaden and Noel are starting a computer repair business together. Jaden insists on outlining rules for the departure of partners in the partnership agreement, although Noel does not think it is necessary. Which of the following statements might Jaden use to explain his insistence to Noel?

Answer 1

Provision to remove a partner ownership interest is necessary so the business would not have to end.

Explanation:

A partnership is a process in which there are two or three partners who share profit and loss equally in the business. The partnership started without any application form. All the partners have some legal documentation that carries some rules and regulations of the business. There is no legal documentation from govt. the side that is necessary for the business. Some legal and written partnerships help a person from legal disputes that maybe end the business.