There must be an agreement to carry on business in common and to share the profits.

There must be at least 2 persons.

There must be a view to profit.

There must be a business.

Responsibility for losses

Control over the business

Participation in management

Sharing of profits

Hiring of employees

Limited partners.

General partners.

Ultimate partners.

Limited liability partners.

Name of the individuals.

Firm name.

Name of friends and family.

Name of firm name and the individuals.

No, because no person can enter into a contract with themselves.

Yes, because a person may enter into a contract with themselves.

If the partner is acting not within the scope of the business activities, it doesn't bind all partners.

If a partner is acting in the best interest of the business activity.

Yes.

No.

The estate remains severally liable for partnership debt.

Nothing, because it was not listed within the agreement.

The estate gets divided equally between the other partners that may have an interest.

No.

Yes.

Equally.

Unequally.

On dissolution of the partnership after the discharge of all liabilities of the partners.

Before dissolution of the partnership and before the discharge of all liabilities of the partners.

Yes.

No.

Only if approved by LSUC.

At all times.

From the time stated on the agreement till the end of the agreement.

From the time stated on the agreement till forever, as good faith never ends.

During the duration from the time negotiated till the affairs are final.