Which of the following items would NOT usually be included in a partnership agreement between two business owners?
Question 1 Report
Which of the following items would NOT usually be included in a partnership agreement between two business owners?
Answer Details
The correct answer is the registered office address of the company.
A partnership is not a company, so it does not have a registered office address. That is a requirement for limited companies under company law.
A partnership agreement typically includes: the profit and loss sharing ratio, interest allowed on capital, salaries payable to each partner, and other operational arrangements. The registered office address is relevant only to incorporated businesses (companies), not unincorporated partnerships.
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