Question

what is a partnership agreement?
what are articles of incorporation?

Explanation:

Sub - Question 1: What is a partnership agreement?

A partnership agreement is a legal document between partners in a business. It outlines the rights, responsibilities, profit - loss sharing, decision - making processes, and other terms of the partnership. It helps in governing the relationship between partners and clarifies how the partnership will operate.

Articles of incorporation are legal documents filed with a government agency (like a state secretary of state) to form a corporation. They include details such as the corporation's name, purpose, number of shares, and the names of initial directors. They establish the corporation as a legal entity.

Answer:

A partnership agreement is a legal document that defines the terms of a business partnership, including partners' rights, duties, profit/loss sharing, and operational rules.

Sub - Question 2: What are articles of incorporation?