A is corrent. A general partnership is an association of two or more persons to carry on a business as co-owners for profit. There must be at least two partners involved in order for a partnership to exist. B is incorrect because execution of written articles of partnership is not required to create a general partnership. A partnership agreement may be oral or in writing. C is incorrect because all partners are general partners. D is incorrect because a general partnership is normally not recognized as a taxable entity under federal income tax laws.
