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General Partnership Package Rhode Island Form

General Partnership Package Rhode Island Form

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okay let's talk about a general partnership well a general partnership is the default entity when two individuals carry on some form of business activity for an intended profit and they intend to in some way share uh those profits now uh it may be a partnership Arrangement and individuals not even know it okay so the individuals that are in the partnership don't have to necessarily intend to be partners uh it simply arises by their conduct their carrying on of some form of activity for an intended profit uh and with the intent to share those profits even if the business only incurs a loss you can you are still Partners in that scenario okay so let's go through the individual elements of the business so first is creation like we said it simply has to be um some form of activity that you carry on you don't have to file anything with the state government further there are no maintenance requirements okay you don't you aren't requ Ed to have

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