The minimum number of persons required to form a partnership business is
Answer Details
The minimum number of persons required to form a partnership business is 2. A partnership is a business structure where two or more people come together to carry out a business with a view to making a profit. The partners pool their resources, skills, and expertise to achieve their business objectives. Partnerships can be formed with a written or verbal agreement, but it is advisable to have a written agreement that outlines the terms and conditions of the partnership. The partnership agreement should include the details of the partners, their contributions to the business, their share of profits and losses, and the management and decision-making process of the partnership.