5.1 Sole proprietorships- one owner = business entity =legal entity- not required to file secretary of state- transferable ownership + int- pass-through taxation 5.2 General partnerships5.2.1 Applicable law Revised Uniform Partnership Act (RUPA) 5.2.2 Formation of (general) partnership1. Definition of partnership- 2 or more than 2persons- business for profit- Carry on-infinite period- co-owners..
