Question

A minimum of ____________ are required to start a partnership business.

• A. Five persons
• B. Four persons
• C. Three persons
• D. Two persons

Answer 1

The correct option is D Two persons

A minimum of two persons is required to start a partnership business. As per the Partnership Act, there must be an association of two or more persons, this statement is true, it is a legal form of business operation between two or more individuals who share management and profits. All members share both profits and liabilities equally and the individuals are personally responsible for the debts of the partnership.

Thus the correct answer is D.