which of the following characteristics should exist to recognize a business as a partnership ?
A
The business needs to be registered with the Registrar of companies
B
There needs to be co-ownership a business and intention to share profit
C
The owners should have written an agrecment to conduct business as partners
D
The business n'eeds to have more than one woner
Correct Answer: The owners should have written an agrecment to conduct business as partners